California Prohibit Taxes on Retirement Holdings and Personal Savings Amendment (2026)
| California Prohibit Taxes on Retirement Holdings and Personal Savings Amendment | |
|---|---|
 | |
| Election date November 3, 2026 | |
| Topic Income taxes | |
| Status Pending official review | |
| Type Constitutional amendment | Origin Citizens |
The California Prohibit Taxes on Retirement Holdings and Personal Savings Amendment (#25-0041) may appear on the ballot in California as an initiated constitutional amendment on November 3, 2026.
The initiative would amend the California Constitution to prohibit the enactment of new taxes after January 1, 2026 on ownership or accumulation of retirement holdings, individually-owned assets, and other forms of personal savings. The amendment would also prohibit enacting retroactive taxes that results in a tax liability based on activities that occurred or was present prior to the effective date of the tax.[1][2]
Text of measure
Full text
The full text of the measure is available here.
Path to the ballot
Process in California
An initiated constitutional amendment is a citizen-initiated ballot measure that amends a state's constitution. Eighteen (18) states allow citizens to initiate constitutional amendments.
In California, the number of signatures required for an initiated constitutional amendment is equal to 8% of the votes cast in the last gubernatorial election. A simple majority vote is required for voter approval.
The requirements to get initiated constitutional amendments certified for the 2026 ballot:
- Signatures: 874,641 valid signatures are required.
- Deadline: The deadline for signature verification is June 25, 2026. However, the secretary of state suggested deadlines for turning in signatures of January 12, 2026, for initiatives needing a full check of signatures and April 17, 2026, for initiatives needing a random sample of signatures verified.
Stages of this ballot initiative
The following is the timeline of the initiative:[2]
- December 8, 2025: The initiative was filed by Kurt R. Oneto.
See also
View other measures certified for the 2026 ballot across the U.S. and in California.
Explore California's ballot measure history, including citizen-initiated ballot measures.
Understand how measures are placed on the ballot and the rules that apply.
External links
Footnotes
