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CA Proprosition 30: Tax on Income Above $2 Million for Zero-Emissions Vehicles and Wildfire Prevention Initiative
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| Parents |
> United States > California > Propositions > 2022 Referendums > Prop 30: Tax on Income Above $2 Million
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| Office | Referendum |
| Honorific | Referendum - Abbr: |
| Type | Referendum |
| Filing Deadline | May 01, 2022 - 12:00am Central |
| Polls Open | November 08, 2022 - 09:00am Central |
| Polls Close | November 08, 2022 - 10:00pm Central |
| Term Start | November 09, 2022 - 12:00pm |
| Term End | December 31, 9999 - 11:55pm |
| Contributor | Mr. Matt |
| Last Modified | RBH December 17, 2022 01:20pm |
| Data Sources | [Link] |
| Description |
Provides Funding for Programs to Reduce Greenhouse Gas Emissions by Increasing Tax on Personal Income Over $2 Million. Initiative Statute.
Increases tax on personal income over $2 million by 1.75% for individuals and married couples and allocates new tax revenues as follows: (1) 45% for rebates and other incentives for zero-emission vehicle purchases and 35% for charging stations for zero-emission vehicles, with at least half of this funding directed to low-income households and communities; and (2) 20% for wildfire prevention and suppression programs, with priority given to hiring and training firefighters. Requires audits of programs and expenditures.
[Link]
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