California billionaire tax proposal qualifies for the November ballot

A proposal to raise taxes on the wealthiest Californians has qualified for the November ballot, state officials said Wednesday, setting up what could be an expensive and divisive fight

A proposal to raise taxes on the wealthiest Californians has qualified for the November ballot, state officials said Wednesday, setting up what could be an expensive and divisive fight.

Subscribe to read this story ad-free

Get unlimited access to ad-free articles and exclusive content.

The so-called billionaire tax — which has divided Democrats in the state — would implement a one-time tax on rich Californians if approved by voters.

California Secretary of State Shirley Weber said in a statement late Wednesday that the measure was eligible for the ballot this fall after her department verified the required number of signatures submitted by organizers.