---
id: f4364ce5f0
section: elections
first_reported: 2026-11-03 23:22 PT
updated: 2026-11-04 16:35 PT
status: reported
outlets: 3
---

# California billionaire tax trails in early election returns

Proposition 40, a one-time 5% tax on California billionaires, was trailing in early returns Wednesday. Prop. 42, which would bar similar future measures, was ahead by over eight points.

Section: [Elections](/section/politics.md) · Entities: [Proposition 40 (California, 2026)](/wiki/proposition-40-california-2026.md), [Proposition 42 (California, 2026)](/wiki/proposition-42-california-2026.md)

## Coverage

- [Mission Local](https://missionlocal.org/2026/11/california-billionaire-tax-election-results-2026/), 2026-11-03 23:22 PT: California billionaire tax, Prop. 40, trailing in early results
- [SFist](https://sfist.com/2026/11/04/california-billionaire-tax-looks-to-be-failing-while-prop-42-might-pass/), 2026-11-04 13:15 PT: California Billionaire Tax Looks to Be Failing, While Prop 42 Might Pass
- [KQED](https://ww2.kqed.org/news/2026/11/04/sf-has-more-billionaires-than-any-city-in-california-heres-how-residents-voted-on-prop-40/), 2026-11-04 16:35 PT: SF Has More Billionaires Than Any City in California. Here’s How Residents Voted on Proposition 40

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