https://www.cnbc.com/2019/03/19/lyft-ipo-could-be-1-billion-or-more-windfall-for-california-coffers.html

California could reap a bonanza of "$1 billion or more" in new taxes from the upcoming stock offering of ride-hailing service Lyft, according to state's former treasurer.

Experts say Lyft's initial public offering and an even bigger IPO expected in April from rival Uber will create many newly-minted millionaires in the Bay region. The state stands to benefit by taxing the capital gains from stock sales.