California Billionaire Tax Has Enough Signatures to Land on Ballot, Backers Say

AdvertisementSKIP ADVERTISEMENTYou have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.Supported bySKIP ADVERTISEMENTCalifornia Billionaire Tax Has Signatures Needed for Ballot, Backers SayThe measure calls for placing a one-time 5 percent tax on the assets of California residents with at least $1.1 billion. Opponents are backing competing measures to counter the tax.Listen · 5:21 min Share full article102The billionaire tax’s supporters, who have been gathering signatures for months, promoted the measure at a booth at the California Democratic Convention in November. Credit...Mike Kai Chen for The New York TimesBy Laurel RosenhallReporting from SacramentoPublished April 26, 2026Updated April 27, 2026, 2:13 p.m. ET window.registerInteractive && window.registerInteractive("100000010805361"); !function(){var e="gps_module_impressions",s="gps_suppress_module",t=new URLSearchParams(window.location.search),o="1"===t.get("gps_debug")?function(e,s){console.log("[gps]",e,void 0!==s?s:"")}:function(){};if(o("version",16),(document.documentElement.lang||"").toLowerCase().startsWith("es")&&(document.body.classList.add("gps-lang-es"),o("language: spanish")),"1"===t.get("gps_reset"))try{localStorage.removeItem(e),localStorage.removeItem(s),o("localStorage reset")}catch(e){}if(document.querySelector(".NYTApp"))o("hidden: NYTApp context");else{var a=!1;try{a=!!localStorage.getItem(s)}catch(e){}if(a)o("hidden: suppressed via "+s);else{var r=0;try{r=parseInt(localStorage.getItem(e),10)||0}catch(e){}o("impressions so far",r);try{r+=1,localStorage.setItem(e,String(r)),o("impression recorded",r)}catch(e){}document.body.classList.add("gps-show"),o("module shown")}}}().gps-module{display:none;background-color:var(--tpl-color-background-secondary,#f8f8f8);font-family:nyt-cheltenham,georgia,serif;text-align:center;padding:1rem 16px 16px 16px;max-width:600px;margin:1.25rem 20px;text-wrap:balance}.gps-show .gps-module{display:block}@media (min-width:640px){.gps-module{margin:1.25rem auto;box-sizing:border-box}}.gps-link{text-decoration:none;color:inherit;display:block}.gps-body{display:block;margin:0;font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:.9375rem;line-height:1.4;font-weight:500;color:var(--tpl-color-content-primary,#121212)}.gps-cta{display:inline-block;margin-top:6px;font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:.8125rem;font-weight:700;line-height:130%;border:1px solid var(--tpl-color-stroke-tertiary,#dfdfdf);background-color:var(--tpl-color-background-primary,#fff);color:var(--tpl-color-content-primary,#121212);padding:.375rem 1.125rem;border-radius:2rem}.gps-caret-sep{display:inline-block;width:.25rem}.gps-link:hover .gps-cta{border:1px solid var(--tpl-color-stroke-tertiary,#dfdfdf);background:var(--tpl-color-background-tertiary,#ebebeb)}.NYTApp .gps-module{display:none}.gps-es{display:none}.gps-lang-es .gps-module .gps-es{display:inline}.gps-lang-es .gps-module .gps-en{display:none}See more of our coverage in your search results.Encuentra más de nuestra cobertura en los resultados de búsqueda. Add The New York Times on GoogleAgrega The New York Times en Google !function(){if(document.body.classList.contains("gps-show")){var e="1"===new URLSearchParams(window.location.search).get("gps_debug")?function(e,t){console.log("[gps]",e,void…

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