Introduced
Committee Review
Senate Floor
Outcome
summary
If passed, the ASUC would officially endorse a "YES" vote on Proposition 40, the 2026 Billionaire Tax Act, a California ballot measure proposing a 5% tax on assets over $1 billion, payable over five years starting in 2026. This tax aims to generate tens of billions of dollars for healthcare, food assistance, and education programs, which are vital for vulnerable Californians, including UC students who rely on services like CalFresh. The ASUC encourages students to inform themselves about Proposition 40 before the November 3, 2026 election.