Next in our series on California's November ballot measures, we take a look at Proposition 39. It would change a critical piece of corporate tax law and provide more money to the state – but higher taxes for some businesses.
It was called “the most boring proposition on the 2012 ballot” by a San Diego blogger. The writer has a point. It revolves around a corporate tax formula known as the “single sales factor.” But when you consider that corporate taxes accounted for nearly 10 billion dollars in California last year, Prop 39 doesn’t sound so boring anymore: