* Changes the California Constitution to eliminate the right of same-sex couples to marry in California.
* Provides that only marriage between a man and a woman is valid or recognized in California.

Summary of Legislative Analyst's Estimate of Net State and Local Government Fiscal Impact:

* Over the next few years, potential revenue loss, mainly from sales taxes, totaling in the several tens of millions of dollars, to state and local governments.
* In the long run, likely little fiscal impact on state and local governments.