California AB699 revises the Elections Code to mandate detailed disclosures for local tax and bond measures.

California AB699 amends the Elections Code to require detailed disclosures for local tax and bond measures. The bill mandates that for each tax measure, a measure information statement must be provided to voters. This statement must include an estimate of the average annual tax rate, the highest tax rate, the duration of the tax, and an explanation of the tax's expiration. If the measure involves bonds, the statement must also detail the total debt service required.

California AB699 revises the Elections Code to mandate detailed disclosures for local tax and bond measures.

California AB699 amends the Elections Code to require detailed disclosures for local tax and bond measures. The bill mandates that for each tax measure, a measure information statement must be provided to voters. This statement must include an estimate of the average annual tax rate, the highest tax rate, the duration of the tax, and an explanation of the tax's expiration. If the measure involves bonds, the statement must also detail the total debt service required.