Proposition 15 would have changed the California Constitution to create a split roll property tax system that would have raised over $12 billion from businesses making it the largest property tax increase in state history. The Economic Development team worked with a large coalition of business groups to encourage voters to reject this damaging tax.

The Leadership Group has consistently opposed legislation that would impose tax on services without an exemption for business inputs. So far, those efforts have been successful.

The Leadership Group opposed a bill that would have created a new State Board to evaluate tax expenditures. We encouraged Governor Newsom to veto the bill, which he did.