Requires multistate businesses to pay income taxes based on percentage of their sales in California. Dedicates revenues for five years to clean/efficient energy projects. Fiscal Impact: Increased state revenues of $1 billion annually, with half of the revenues over the next five years spent on energy efficiency projects. Of the remaining revenues, a significant portion likely would be spent on schools.
Popular Vote Results
Jane Warner, President, American Lung Association in California
Jack Stewart, President, California Manufacturers & Technology Association
Rebuttal Against Author
Alan Joseph Bankman, Professor of Tax Law, Stanford Law School
TAX TREATMENT FOR MULTISTATE BUSINESSES. CLEAN ENERGY AND ENERGY EFFICIENCY FUNDING. California Proposition 39 (2012).