California Proposition 30 (2022): Tax increase on incomes above $2 million

In Politics by Michael Rae


California’s Proposition 30 would increase state taxes on personal income over $2 million by 1.75% for individuals and married couples. Prop. 30 would allocate the increased tax revenues as follows: (1) 45% for rebates and other incentives for zero-emission vehicle purchases and 35% for charging stations for zero-emission vehicles, with at least half of this funding directed to low-income households and communities; and (2) 20% for wildfire prevention and suppression programs, with priority given to hiring and training firefighters.

Fiscal Impact

The Legislative Analyst’s Office estimates that Prop. 30’s additional tax would raise between $3.5 billion and $5 billion annually which would