Propositions 41 and 42 seek to void Prop. 40 ‘Billionaire’s Tax’

Close-up of gold bars atop US currency, symbolizing wealth and investment.

Propositions 41 and 42 address two different tax issues. However, they have one issue in common. If either Prop. 41 or Prop. 42 receives more votes than Prop. 40, the so-called “Billionaire’s Tax,” Prop. 40 will be voided, even if it received more than 50% of the votes. Prop. 41 prohibits any new state taxes…

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