Proposition 39 - Tax Treatment For Multistate Businesses. Clean Energy And Energy Efficiency Funding.
* Requires multistate businesses to calculate their California income tax liability based on the
percentage of their sales in California.
* Repeals existing law giving multistate businesses an option to choose a tax liability formula
that provides favorable tax treatment for businesses with property and payroll outside
California.
* Dedicates $550 million annually for five years from anticipated increase in revenue for the
purpose of funding projects that create energy efficiency and clean energy jobs in California.