California Retroactive Tax Prohibition Proposition

Proposition 42 is a California ballot measure currently scheduled for voting on November 3, 2026. It would prevent retroactive taxes and new taxes on personal property, which would offset the proposed wealth tax in Proposition 40. This market will resolve to “Yes” if the specified ballot measure is approved by a majority of voters at the California statewide general election currently scheduled for November 3, 2026. Otherwise, this market will resolve to “No.” If voting on the specified ballot measure does not occur, or the results thereof…