APPLICATION OF I-933 TO PERSONAL PROPERTY

This evaluation focuses on another set of consequences that were possibly unintended by those who wrote I-933: the application of the initiative to personal property, including intangible property. I-933 expressly applies to “all real and personal property interests.” As discussed below, if enacted, I-933 would lead to lengthy (and presumably expensive) litigation by individuals and businesses who object to State and local regulations that have long been in effect—in some instances for nearly a century.