Section
Proposition 40
The latest Proposition 40 coverage from Bullquill: sourced, dated and explained.
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California billionaire tax: who pays Prop 40's one-time 5% levy
Voters decide on November 3 whether billionaires who lived in California on January 1, 2026 must pay 5% of their net worth once. The LAO says 90% of the money would go to public health care, and rival Props 41 and 42 could cancel it.
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Meta Zuckerberg California deal: new shares, eight-year pledge
Meta will give Mark Zuckerberg non-voting Class C shares he can sell to cover a possible California wealth tax. In return, he pledges to stay in the state, or wherever Meta is headquartered, for eight years.
