Tag Archive | "Proposition 39 2012"

Is California voting Yes to Proposition 39 2012?

Proposition 39 is gradually becoming a topic of hot debate. Proposition 39 will take off the ability of companies in California to choose between 2 methods for calculating their taxable income. This will force companies to use sales as the only criteria for calculation.

Southern California
Southern California

This will have a huge impact on the revenue generation in legislative offices of California. Approximately $1 billion will be collected in revenue from each California Legislative Analyst’s Office. $500-$550 million dollars from this revenue will be allocated for clean energy and other energy related projects in the next 5 years. Read the full story

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