What Is Prop 39? - Los Angeles News | FOX 11 LA KTTV

What Is Prop 39?

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According to the California Voter Guide, Prop 39:

"Requires multistate businesses to pay income taxes based on percentage of their sales in California. Dedicates revenues for five years to clean/efficient energy projects. Fiscal Impact: Increased state revenues of $1 billion annually, with half of the revenues over the next five years spent on energy efficiency projects. Of the remaining revenues, a significant portion likely would be spent on schools."

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