California Income Tax Credit for Homeowners, Surcharge, and Housing Development Reviews Initiative (2022)
| California Income Tax Credit for Homeowners, Surcharge, and Housing Development Reviews Initiative Initiative | |
|---|---|
 | |
| Election date November 8, 2022 | |
| Topic Housing | |
| Status Not on the ballot | |
| Type Amendment & Statute | Origin Citizens |
The California Income Tax Credit for Homeowners, Surcharge, and Housing Development Reviews Initiative Initiative (#21-0032) was not on the ballot in California as a combined initiated constitutional amendment and state statute on November 8, 2022.
The ballot measure would have increased the property tax exemption from $7,000 to $200,000, increased the renters' income tax credit, and established a surcharge on residential properties valued at $4 million or more.[1]
Text of the measure
Ballot title
The ballot title would have been as follows:[2]
| “ |
Increases Homeowners’ Property Tax Exemption and Renters’ Tax Credit. Increases Taxes on High-value Properties. Limits Local Restrictions on Housing Development. Initiative Constitutional Amendment and Statute.[3] |
” |
Petition summary
The summary provided for inclusion on signature petition sheets was as follows:[2]
| “ |
Increases portion of homeowner’s property value that is exempt from property tax from $7,000 to $200,000 (adjusted for inflation). Increases renters’ income tax credit to up to $2,000 (adjusted for inflation); increases income limit for claiming credit to up to $400,000. Reimburses local governments’ lost revenue from these changes with new property tax surcharge of up to 1.2% on properties valued over $4 million. Limits local government discretion to deny certain housing development projects.[3] |
” |
Fiscal impact
The fiscal impact statement was as follows:[2]
| “ |
Increased property taxes on property with a taxable value of more than $4 million providing $16 billion to $19 billion in new revenue. Increased state costs resulting from the increases to the homeowners’ property tax exemption and renters’ tax credit. Increased costs to local governments for carrying out the measure. Total costs would be $16 billion to $19 billion annually and likely would be fully offset by revenue from increased property taxes on higher value properties.[3] |
” |
Full text
The full text is available here.
Path to the ballot
Process in California
In California, the number of signatures required for an initiated constitutional amendment is equal to 8 percent of the votes cast in the preceding gubernatorial election. Petitions are allowed to circulate for 180 days from the date the attorney general prepares the petition language. Signatures need to be certified at least 131 days before the general election. As the verification process can take multiple months, the secretary of state provides suggested deadlines for ballot initiatives.
The requirements to get initiated constitutional amendments certified for the 2022 ballot:
- Signatures: 997,139 valid signatures were required.
- Deadline: The deadline for signature verification was 131 days before the general election, which was around June 30, 2022. However, the process of verifying signatures can take multiple months and proponents are recommended to file signatures at least two months before the verification deadline.
Signatures are first filed with local election officials, who determine the total number of signatures submitted. If the total number is equal to at least 100 percent of the required signatures, then local election officials perform a random check of signatures submitted in their counties. If the random sample estimates that more than 110 percent of the required number of signatures are valid, the initiative is eligible for the ballot. If the random sample estimates that between 95 and 110 percent of the required number of signatures are valid, a full check of signatures is done to determine the total number of valid signatures. If less than 95 percent are estimated to be valid, the initiative does not make the ballot.
Initiative #21-0032
Stanley R. Apps filed the ballot initiative on October 6, 2021.[2] The Attorney General of California issued ballot language for the initiative on December 14, 2021, allowing a signature drive to begin. Signatures were due on June 13, 2022.
On June 28, the secretary of state reported the initiative failed to qualify for the ballot.[2]
See also
External links
Footnotes
- ↑ California Attorney General, "Initiative 21-0032," October 6, 2021
- ↑ 2.0 2.1 2.2 2.3 2.4 California Secretary of State, "Initiatives and Referenda Cleared for Circulation," accessed December 10, 2021 Cite error: Invalid
<ref>tag; name "sos" defined multiple times with different content - ↑ 3.0 3.1 3.2 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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