In the NEWS

The Billionaire’s Tax Initiative

The country is watching as the initiative has likely qualified as a Proposition on the November Ballot

Initiative No. 25-0024: First Amendment The "2026 Billionaire Tax Act"

“They want to do a 5% seizure of the assets of 200 billionaires, and they want to use it for 90% health care and 10% education," says Susan Shelley. BUT, she believes that the money will go into the General Fund and be used for WHATEVER!

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2026 California Primary Info & High-Speed Rail Funding Bill

The last day to register to vote for the June 2, 2026, Primary Election is May 18, 2026.

All California active registered voters will receive a ballot for the June 2, 2026, Primary Election.

County elections officials will begin mailing ballots by May 4, 2026.

Secure ballot drop-off locations open on May 5, 2026.

Ballots can be dropped off at a drop-off location, county elections office, or returned by mail.

The first vote centers open for early in-person voting in all Voter’s Choice Act counties on May 23, 2026.

In person early voting locations throughout California will be open on Saturday, May 30, 2026.

June 2 is the last day to vote in-person or return a ballot by 8:00 p.m. Polls are open from 7:00 a.m. to 8:00 p.m. Vote-by-mail ballots must be postmarked no later than June 2. If mailing on Elections Day, get a hand-stamped postmark from a postal employee inside a United States Post Office.

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SB 948, as amended 03/17/2026, Arreguín (D). Firearms: safety certificates.

Introduced: February 2, 2026

Hearing on April 13, 2026 placed bill in temporary suspense file.

Existing law requires any person who purchases or receives a firearm to possess a firearm safety certificate. Existing law also prohibits a person from selling or transferring a firearm to any person who does not possess a firearm safety certificate. A violation of either of these provisions is punishable as a misdemeanor. Existing law requires a personal firearm importer, within 60 days of bringing any firearm into this state, to, among other things, submit a report including information concerning that individual and a description of the firearm in question to the Department of Justice.

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Existing property tax law provides, pursuant to a requirement of the California Constitution, that the property tax base year value of real property that is substantially damaged or destroyed by a disaster, as declared by the Governor, may be transferred to a comparable property located within the same county that is acquired or newly constructed, or to replacement property reconstructed on the site of the damaged or destroyed property, within 5 years after the disaster as a replacement property.

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UPDATE ON PROPERTY TAX INITIATIVE

EXEMPTS CERTAIN HOMEOWNERS AGED 60 OR OLDER FROM PROPERTY TAXES. INITIATIVE CONSTITUTIONAL AMENDMENT. 

Reduces local property tax revenues by exempting a principal residence from property taxes if the homeowner, or the homeowner’s spouse: (1) is 60 years of age or older; and (2) has occupied the home as a principal residence for five consecutive years or has lived in California for at least 10 years. Exemption terminates if property no longer qualifies as a principal residence.

After five years, homeowners must certify their continued eligibility to maintain exemption. Exemption does not apply to voter-approved special taxes, assessments, or bonds. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Many homeowners ages 60 or older would pay lower property taxes.

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