# The measure itself

`25-0024A1-billionaire-tax-act.pdf` is the full text of Initiative 25-0024 (First Amendment),
"The 2026 Billionaire Tax Act", as filed with the California Attorney General on
November 24, 2025. It appears on the November 3, 2026 ballot as Proposition 40.

This is a public record, so unlike the analyses it is committed here. Both sides and the
comparison refer to it.

- Source: https://oag.ca.gov/system/files/initiatives/pdfs/25-0024A1%20%28Billionaire%20Tax%20%29.pdf
- SHA-256: `69b30cc46956bf34250ab02e02742bf30fbb2eae8a94d709ac20bce0d88a373c`
  (byte-identical to the Attorney General's copy, checked 2026-09-23)