🔗 2026 California Billionaire Tax

The One-Time Wealth Tax for State-Funded Health Care Programs Initiative, commonly referred to as the California billionaire tax or California wealth tax, is a combined initiated constitutional amendment and state statute proposed for the November 3, 2026, ballot in the state of California.

If approved and passed, the state's billionaires would pay a one-time 5% tax on their accumulated wealth to fund health care programs, food assistance and public education.