{"edition":"ca-2026","kind":"claim","id":"ca-prop-42-claim-1","record":{"id":"ca-prop-42-claim-1","subjectId":"ca-prop-42","text":"In the last few years alone, the Legislature and special interests have introduced six separate proposals that would tax retirement and savings accounts.","textLanguage":"en","translation":{"he":"רק בשנים האחרונות, בית המחוקקים וקבוצות אינטרס הגישו שש הצעות נפרדות שהיו מטילות מס על חשבונות פרישה וחיסכון."},"speaker":{"en":"Official argument in favor of Proposition 42","he":"הטיעון הרשמי בעד הצעה 42"},"seenIn":{"kind":"voter-guide-argument","description":{"en":"Official Voter Information Guide, argument in favor of Proposition 42","he":"מדריך המידע הרשמי לבוחר, הטיעון בעד הצעה 42"},"url":"https://voterguide.sos.ca.gov/propositions/42/arguments-rebuttals.htm","paidFor":null},"verdict":"missing-context","explanation":{"en":"The guide does not name the six proposals. The Yes on 42 campaign's own website lists five: AB 2088, AB 310, ACA 8, AB 259, and ACA 3, introduced between 2019 and 2024. They are wealth-tax proposals, three bills and two constitutional amendments: AB 2088 (2019-20, Bonta and others): an annual tax of 0.4 percent on worldwide net worth above $30 million ($15 million for married taxpayers filing separately), directly held real property excluded; the text lists pension funds and interest-bearing savings accounts among the assets reported toward net worth. Last recorded action 2020-11-30, from committee without further action; it did not become law. AB 310 (2021-22, Lee, Santiago, Lorena Gonzalez): a 1 percent tax on worldwide net worth above $50 million ($25 million filing separately) plus a 0.5 percent surtax above $1 billion ($500 million), with the same asset reporting; died 2022-01-31 under Article IV, Section 10(c), never leaving the Assembly Revenue and Taxation Committee. ACA 8 (2021-22, Lee and others): a constitutional amendment that would authorize the Legislature to tax \"all forms of personal property or wealth, whether tangible or intangible\"; its text does not address retirement accounts by name; last action 2022-11-30, from committee without further action. AB 259 (2023-24, Lee): the same net-worth tax design as AB 310 (1.5 percent above $1 billion for 2024-2025, then 1 percent above $50 million plus a 0.5 percent surtax above $1 billion from 2026), pension funds and savings accounts counted toward net worth; held on the suspense file 2024-01-10 and died 2024-01-31 under Article IV, Section 10(c). ACA 3 (2023-24, Lee): the same tax authorization as ACA 8, without its task-force section; last action 2024-11-30, from committee without further action. Each bill taxed net worth above $30 million or $50 million, not accounts as such, though pension funds and savings accounts count toward net worth. None became law. The count of six does not match the campaign's own list of five.","he":"המדריך אינו מציין את שש ההצעות בשמן. אתר הקמפיין „כן להצעה 42” עצמו מונה חמש: AB 2088, AB 310, ACA 8, AB 259 ו־ACA 3, שהוגשו בין 2019 ל־2024. אלה הצעות למס הון, שלוש הצעות חוק ושני תיקונים חוקתיים: AB 2088 (2019-20, Bonta ואחרים): מס שנתי של 0.4 אחוז על שווי נקי עולמי מעל 30 מיליון דולר (15 מיליון דולר לנישומים נשואים המגישים בנפרד), בלי מקרקעין המוחזקים ישירות; הנוסח מונה קרנות פנסיה וחשבונות חיסכון נושאי ריבית בין הנכסים המדווחים לחישוב השווי הנקי. הפעולה האחרונה שתועדה: 2020-11-30, יצאה מהוועדה בלי פעולה נוספת; היא לא הפכה לחוק. AB 310 (2021-22, Lee, Santiago, Lorena Gonzalez): מס של 1 אחוז על שווי נקי עולמי מעל 50 מיליון דולר (25 מיליון דולר בהגשה נפרדת) ועוד מס נוסף של 0.5 אחוז מעל מיליארד דולר (500 מיליון דולר), עם אותו דיווח נכסים; נפלה ב־2022-01-31 לפי סעיף IV, פסקה 10(c), בלי שיצאה מוועדת ההכנסות והמיסוי של האספה. ACA 8 (2021-22, Lee ואחרים): תיקון חוקתי שהיה מסמיך את בית המחוקקים להטיל מס על „כל צורות הרכוש האישי או ההון, מוחשיות או בלתי מוחשיות”; הנוסח שלו אינו מזכיר חשבונות פרישה בשמם; הפעולה האחרונה: 2022-11-30, יצא מהוועדה בלי פעולה נוספת. AB 259 (2023-24, Lee): אותו מבנה של מס על שווי נקי כמו ב־AB 310 (1.5 אחוז מעל מיליארד דולר בשנים 2024-2025, ולאחר מכן 1 אחוז מעל 50 מיליון דולר ועוד מס נוסף של 0.5 אחוז מעל מיליארד דולר החל מ־2026), כשקרנות פנסיה וחשבונות חיסכון נספרים בשווי הנקי; הוקפאה ברשימת ההשהיה (suspense file) ב־2024-01-10 ונפלה ב־2024-01-31 לפי סעיף IV, פסקה 10(c). ACA 3 (2023-24, Lee): אותה הסמכה למס כמו ב־ACA 8, בלי הפרק על צוות המשימה; הפעולה האחרונה: 2024-11-30, יצא מהוועדה בלי פעולה נוספת. כל הצעה הטילה מס על שווי נקי מעל 30 מיליון או 50 מיליון דולר, לא על חשבונות כשלעצמם, אף שקרנות פנסיה וחשבונות חיסכון נספרים בשווי הנקי. אף אחת מהן לא הפכה לחוק. המספר שש אינו תואם את הרשימה של הקמפיין עצמו, שמונה חמש."},"evidence":[{"title":{"en":"Yes on Prop 42 campaign website, \"Repeated Attempts to Tax Retirement & Life Savings\" section","he":"אתר הקמפיין „כן להצעה 42” (Yes on Prop 42), הפרק „Repeated Attempts to Tax Retirement & Life Savings” („ניסיונות חוזרים להטיל מס על חסכונות הפרישה והחיים”)"},"url":"https://yesonprop42.org/"},{"title":{"en":"AB 2088 (2019-20) bill status, leginfo.legislature.ca.gov","he":"AB 2088 (2019-20), מצב הצעת החוק, leginfo.legislature.ca.gov"},"url":"https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=201920200AB2088"},{"title":{"en":"AB 310 (2021-22) bill status, leginfo.legislature.ca.gov","he":"AB 310 (2021-22), מצב הצעת החוק, leginfo.legislature.ca.gov"},"url":"https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202120220AB310"},{"title":{"en":"ACA 8 (2021-22) bill status, leginfo.legislature.ca.gov","he":"ACA 8 (2021-22), מצב הצעת החוק, leginfo.legislature.ca.gov"},"url":"https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202120220ACA8"},{"title":{"en":"AB 259 (2023-24) bill status, leginfo.legislature.ca.gov","he":"AB 259 (2023-24), מצב הצעת החוק, leginfo.legislature.ca.gov"},"url":"https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202320240AB259"},{"title":{"en":"ACA 3 (2023-24) bill status, leginfo.legislature.ca.gov","he":"ACA 3 (2023-24), מצב הצעת החוק, leginfo.legislature.ca.gov"},"url":"https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202320240ACA3"},{"title":{"en":"Arguments and rebuttals on Proposition 42, Official Voter Information Guide","he":"טיעונים וטיעוני תשובה על הצעה 42, 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guide does not name the six proposals. The Yes on 42 campaign's own website lists five: AB 2088, AB 310, ACA 8, AB 259, and ACA 3, introduced between 2019 and 2024. They are wealth-tax proposals, three bills and two constitutional amendments: AB 2088 (2019-20, Bonta and others): an annual tax of 0.4 percent on worldwide net worth above $30 million ($15 million for married taxpayers filing separately), directly held real property excluded; the text lists pension funds and interest-bearing savings accounts among the assets reported toward net worth. Last recorded action 2020-11-30, from committee without further action; it did not become law. AB 310 (2021-22, Lee, Santiago, Lorena Gonzalez): a 1 percent tax on worldwide net worth above $50 million ($25 million filing separately) plus a 0.5 percent surtax above $1 billion ($500 million), with the same asset reporting; died 2022-01-31 under Article IV, Section 10(c), never leaving the Assembly Revenue and Taxation Committee. ACA 8 (2021-22, Lee and others): a constitutional amendment that would authorize the Legislature to tax \"all forms of personal property or wealth, whether tangible or intangible\"; its text does not address retirement accounts by name; last action 2022-11-30, from committee without further action. AB 259 (2023-24, Lee): the same net-worth tax design as AB 310 (1.5 percent above $1 billion for 2024-2025, then 1 percent above $50 million plus a 0.5 percent surtax above $1 billion from 2026), pension funds and savings accounts counted toward net worth; held on the suspense file 2024-01-10 and died 2024-01-31 under Article IV, Section 10(c). ACA 3 (2023-24, Lee): the same tax authorization as ACA 8, without its task-force section; last action 2024-11-30, from committee without further action. Each bill taxed net worth above $30 million or $50 million, not accounts as such, though pension funds and savings accounts count toward net worth. None became law. The count of six does not match the campaign's own list of 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