• Prohibits voting by mail unless voter designates a government-issued identification number for their voter registration.  

• Invalidates mail ballots if envelope does not include last four digits of a government-issued identification number matching the number designated in the voter’s registration (e.g., if voter designates Social Security number for registration, but provides driver’s license number on envelope, their ballot would not count).  

• Prohibits voting in person without presenting government-issued identification.  

• Requires elections officials to annually report percentage of each county’s voters whose citizenship status they have verified.  

Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:  

• State and local government costs of between tens of millions of dollars and low hundreds of millions of dollars each year to implement new voting requirements. Costs depend on future decisions by the Legislature, state departments, local governments, and voters. 

• Imposes one-time tax of up to 5% on certain taxpayers with covered assets valued over $1 billion; covered assets include businesses, securities, art, collectibles, and intellectual property, but exclude real property and some pensions and retirement accounts.  

• Allocates 90% of these tax revenues for health care, 10% for food assistance or education-related programs; prohibits using revenues to replace existing funding for these purposes.  

• Exempts such tax revenues from constitutional requirements for school funding, budget reserves, and state spending limit.  

Summary of Legislative Analyst’s Estimate of Net State and Local Government Fiscal Impact:  

• Temporary state revenue increase from a new wealth tax on billionaires. These wealth tax revenues probably would add up to tens of billions of dollars spread over several years.  

• Possible ongoing decrease of less than $1 billion per year in state income tax revenue collected from billionaires.