Proposition 39 effects the tax laws for some California businesses. If passed, any company that operates in other states as well as California would also have to pay California income taxes. The tax would be a percentage of their sales that come from California. Under the law, California would have to use $550 million of the new tax money to pay for projects that create clean energy and energy efficiency jobs.
Opponents say California has already been losing businesses the last few years and this tax would push more businesses away and instead of creating jobs, the state would lose jobs as businesses cut back, or leave.
Supporters of Proposition 39 believe it could create as many as 40,000 jobs in our state. They also call it the ‘California Clean Energy Jobs Act’ and say it closes an unfair tax loophole that lets out-of-state corporations avoid taxes by keeping jobs out of California.
Below are links to the supporters and opponents of Prop 39. to learn more.