Prop. 39 would end tax giveaway, raise $1 billion for California

The initiative would do away with an incentive for out-of-state corporations not to invest in California.

SACRAMENTO — During the middle of a winter night in 2009, sleep-deprived legislators and Gov. Arnold Schwarzenegger devised the deal from hell. It included a tax incentive for out-of-state corporations not to build facilities or hire employees in California.

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