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  CA Proposition 24 - Repeals Recent Legislation That Would Allow Businesses to Lower Their Tax Liability.
RACE DETAILS
Parents > United States > California > Propositions > 2010 Referendums > Corporate Tax Breaks
OfficeReferendum
Type Referendum
Filing Deadline June 09, 2010 - 12:00pm Central
Polls Open November 02, 2010 - 09:00am Central
Polls Close November 02, 2010 - 10:00pm Central
Term Start November 03, 2010 - 12:00pm
Term End 00, 9999 - 12:00pm
Turnout 41.57% Registered 19.00% Total Population
ContributorJason
Last ModifiedHikikomori Blitzkrieg! November 05, 2010 01:45am
Data Sources[Link]
Description Ballot title: Repeals recent legislation that would allow businesses to lower their tax liability. Initiative statute.

Official summary: Repeals recent legislation that would allow businesses to shift operating losses to prior tax years and that would extend the period permitted to shift operating losses to future tax years. Repeals recent legislation that would allow corporations to share tax credits with affiliated corporations. Repeals recent legislation that would allow multistate businesses to use a sales-based income calculation, rather than a combination property-, payroll- and sales-based income calculation.

Estimated fiscal impact: Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Annual state revenue increase from business taxes of about $1.7 billion when fully phased in, beginning in 2011-12.
PRIMARY/OTHER SCHEDULE
MAP
United States 1959 - MAP
LEANING PREDICTIONS    Detail
Leaning Graph
10/03/2010 11/02/2010
CandidateSlightLeanStrongSafe
No 1 1 ----
Yes 1 ------
Leaning Call: No (75.00%)
Weighted Call: No (99.97%)
MATCHUP POLL GRAPH
Poll Graph

09/19/2010 10/21/2010

CANDIDATES
Photo  
Name No Yes  
PartyNO YES  
Campaign Logo  
Uncertified Votes4,138,304 (58.47%) 2,938,899 (41.53%)  
Margin0 (0.00%) -1,199,405 (-16.95%)  
Predict Avg.0.00% 0.00%  
Cash On Hand $-- $--  
Website  
Entry Date 00/00/2010 00/00/2010  
Bar
MATCHUP POLLS (2 from 2 pollsters)
Adj Poll Avg34.10%-- 30.07%--  
Survey USA 
10/19/10-10/21/10
29.00% -- 33.00% --
Public Policy Institute of California (PPIC) 
09/19/10-09/26/10
35.00% -- 35.00% --
ENDORSEMENTS
Endorsements  


EVENTS
Start Date End Date Type Title Contributor

VIDEO ADVERTISEMENTS
Start Date Candidate Category Ad Tone Lng Title Run Time Contributor
09/29/2010 Yes TVAd Issue eng Yes on Prop 24: The Tax Fairness Act  00:00:32 Jason 

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DISCUSSION