Secretary of State No.
TAXATION OF REAL PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT. Amends Article XVIII of the Constitution to prohibit the levying of any real property tax by the state or any county, city or other public entity, except where necessary to repay bonded indebtedness. Provides prohibition shall be effective on and after one year from approval of the measure by the voters and shall remain effective until Legislature convenes a constitutional convention to consider the revision of Article 13 of the Constitution entitled "Revenue and Taxation." Financial impact: will result in an indeterminate increase in state costs.
Karen J. Husemeyer, 258 Montecito, Pismo Beach, California 93449
Failed to Qualify
Taxation Of Real Property California Initiative 142 (1976).