Attorney General No.
Secretary of State No.
INCOME TAX. INITIATIVE STATUTE. Creates new state income tax bracket of 11 percent. Applies this bracket to income over $100,000.00 for individual taxpayers, to income over $200,000.00 for taxpayers filing joint returns, and to income over $136,115.00 for heads of household as defined. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Increased personal income tax revenue to state government of $1.5 billion in 1992-93, and approximately $1.2 billion annually thereafter. One-time administrative cost to state government of unknown amount up to several millions of dollars.
Lenny Goldberg California Tax Reform Association, 926 J Street, Suite 710, Sacramento, Ca 95814 (916) 446-4300
Failed to Qualify
Income Tax. California Initiative 538 (1991).