California Proposition 217 (1996)
From Ballotpedia
California Proposition 217, also known as the Top Income Tax Brackets/Revenues to Local Agencies Initiative was on the November 5, 1996 general election ballot in California.
Election results
| California Proposition 217 (1996) | ||||
|---|---|---|---|---|
| Percentage | ||||
| Yes | 49.2% | |||
No 
| 50.8% | |||
| Total votes | 100% | |||
Text of the proposal
The language that appeared on the ballot:
- Retroactively reinstates 10% and 11% tax rates, respectively, on taxpayers with taxable income over $115,000 and $230,000 (current estimates), and joint taxpayers with taxable income over $230,000 and $460,000 (current estimates). - Requires Controller to apportion revenue from reinstated tax rates among counties. - Requires counties to allocate that revenue to local government agencies based on each local agency's proportionate share of property taxes which must be transferred to schools and community colleges under 1994 legislation. - Prohibits future reduction of local agency's proportionate share of property taxes.
Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact:
Annual increase in state personal income tax revenues of about $700 million, with about half the revenues allocated to schools and half to other local governments.
See also
External links
- Official Voter Guide to Proposition 217
- Full text of Proposition 217
- November 1996 California election results (PDF)
