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Public Policy Newsletter Article

State Ballot Initiative Efforts for 2020 Include CIRM Reauthorization, Privacy Rights Efforts, Revised Split Roll Tax

  • 2019-10-24T15:00:00.000+0000
  • California
  • Author: Jimmy Jackson

The first step in getting a citizens’ initiative on the California ballot is to file proposed language with the California Secretary of State, which then forwards the language to the California Attorney General’s office to create an official title and summary of the measure before it can attempt to collect the signatures necessary to make it on the ballot. There are three such measures that may be of interest to Biocom members.

Businessman Robert Klein, a principal proponent of Proposition 71 of which recreated the California Institute of Regenerative Medicine, has filed “The California Stem Cell Research, Treatments, and Cures Initiative of 2020,” which seeks to allow CIRM to access $5.5 billion in bond funding. Of this, at least $1.5 billion would be earmarked for the support of research and the development of treatments for brain diseases and conditions, such as Alzheimer's disease, Parkinson's disease, stroke, dementia, epilepsy, depression, brain cancer, schizophrenia, autism, and other diseases and conditions of the brain.

Consumer advocate Alastair Mactaggart has filed language on a potential privacy measure. "The California Privacy Rights and Enforcement Act of 2020" [Version 3]” Biocom is part of an industry coalition currently led by AdvaMed reviewing the language and having discussions with the sponsor to insure there are not unintended consequences within the language affecting life science industry (as happened with a compromise reached on a predecessor initiative effort).

Finally, a coalition has filed a revised “split roll” tax initiative. According to the Sacramento Bee, “The proposed initiative would tax commercial properties worth more than $3 million based on current assessed value. That would require local governments to assess business property periodically and split their tax rolls between those taxed based on current value and those still taxed on purchase value. Property tax rates would remain at 1 percent.” Residential property is exempted from the proposed initiative.
We will keep you apprised of the progress of these proposals as they advance (or fail to do so).