---
id: 95d7f90a52
section: elections
first_reported: 2026-11-09 18:46 PST
updated: 2026-11-09 18:46 PST
status: reported
outlets: 2
---

# California voters reject Proposition 40 wealth tax

Voters rejected Proposition 40, a tax on billionaires based on net worth and financial holdings, 52.8% to 47.2%.

Section: [Elections](/san-jose/section/politics.md) · Entities: [Proposition 40 (California, 2026)](/san-jose/wiki/proposition-40-california-2026.md)

## Coverage

- [Palo Alto Online](https://www.paloaltoonline.com/calmatters/2026/11/09/its-official-california-voters-reject-prop-40-billionaire-tax/), 2026-11-09 18:46 PST: It’s official: California voters reject Prop. 40 billionaire tax
- [Mountain View Voice](https://www.mv-voice.com/calmatters/2026/11/09/its-official-california-voters-reject-prop-40-billionaire-tax/), 2026-11-09 18:46 PST: It’s official: California voters reject Prop. 40 billionaire tax

Headline and summary written by the Acta Diurna desk from the coverage above. Read the original reporting for full detail.