state of california 2016 tax extension to file

Proposition 55 continued the tax rates instituted by Proposition 30 through 2030. Proposition 30 raised about $6 billion per year since it was approved in 2012.

Without extension through approval of Proposition 55 or another like it, the income tax approved under Proposition 30 was designed to be phased out starting in 2018. The measure also had a sales tax component that Proposition 55 did not extend.

2.3 State of the ballot measure campaignsĮlection results from California Secretary of State Overview Proposition 30 See also: California Proposition 30, Sales and Income Tax Increase (2012)Īn income tax was approved in 2012 under Proposition 30.

It was also designed to allocate an additional $2 billion in certain years to Medi-Cal and other health programs.

The measure was designed to allocate about 89 percent of revenue from the tax increase to K-12 schools and 11 percent to state community colleges. It was approved.Ī 'yes' vote supported extending the personal income tax increases on incomes over $250,000 approved in 2012 for 12 years in order to fund education and healthcare.Ī 'no' vote opposed extending the personal income tax increases on incomes over $250,000 approved in 2012 for 12 years, allowing the tax increase to expire in 2019. The California Extension of the Proposition 30 Income Tax Increase Initiative, also known as Proposition 55, was on the November 8, 2016, ballot in California as an initiated constitutional amendment.

State of california 2016 tax extension to file