Proposed Tax to Fund ZEVs Makes California’s November Ballot
Program would increase taxes on net incomes of more than $2 million to fund programs for ZEV purchasing and infrastructure.
California voters will consider a new tax on income of more than $2 million on the November 2022 ballot to fund programs for zero-emission vehicles (ZEVs). The tax would generate an estimated $3 billion to $4.5 billion each year, according to the state Legislative Analyst's Office.
Proposition 30, increases tax rates by 1.75 percent on personal income of…