Mark Polyakov, a San Francisco voter, said he found it difficult to fully understand the potential effects of the competing measures. He said he ultimately relied on his personal beliefs about who should pay taxes.
Proposition 40 would impose a one-time tax of up to 5% on the covered assets of certain California billionaires. Supporters estimate it could generate roughly $100 billion over five years, with most of the revenue going toward health care.
Two competing measures, Propositions 41 and 42, could prevent the billionaire tax from taking effect.
"It was my impression that if you vote for 40, 41 and 42 sort of cancel that out," said John Klopacz, a San Francisco voter who turned in his ballot on Thursday.
Gary Dietrich, CBS's senior political analyst, said competing ballot measures can sometimes leave voters confused about how to vote.
A new poll by UC Berkeley's Institute of Governmental Studies found that 50% of likely voters planned to vote against Proposition 40, while 42% supported it. The survey also found that support for the measure had declined as Election Day approached.
The outcome of all three measures could ultimately determine whether the billionaire tax takes effect. Under the competing proposals, if Proposition 41 or Proposition 42 receives more yes votes than Proposition 40, it could invalidate the billionaire tax.
Polyakov said that regardless of the outcome, he was glad he had already turned in his ballot instead of waiting for Election Day.
"Because it's probably going to be a lot busier here," Polyakov said.
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