12 Hrs
Source:
Los Angeles Times
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Source: Los Angeles Times
12 HrsLos Angeles Times
Source: Los Angeles Times
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California voters approved Proposition 42, with just over 51% supporting it and about 96% of votes counted, according to the Associated Press. The measure bars new taxes on personal assets including retirement accounts, business interests and digital assets, but excludes real estate; it also prohibits retroactive taxes except during a state-declared emergency. Voters rejected Proposition 40, a proposed one-time tax on billionaires’ assets, which Proposition 42 was designed to nullify.
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