Title

Land Franchise Taxation

Secretary of State No.

1922-L-1

Description

LAND FRANCHISE TAXATION. Initiative measure amending Article XIII of Constitution. Abolishes present system of taxation; declares private property rights attach only to products of labor and not to land; defines franchises as special privileges granted by government permitting use or monopoly of land; requires that such franchises be assessed annually at their full rental value independent of improvements, and prohibits all other taxes and license fees; prescribe procedure for such assessments, decreeing forfeiture of franchise for non-payment thereof; requires that money derived from such assessments be apportioned between state and its subdivisions, and that all governmental expenses be paid therefrom.

Date

8-7-1922

Document Type

Initiative

Qualified

Qualified

Recommended Citation

Land Franchise Taxation California Initiative 1922-L-1 (1922).
https://repository.uclawsf.edu/ca_ballot_inits/48