Title

Old Age Pension

Secretary of State No.

1934-o-1

Description

OLD AGE PENSION. Initiative measure for submission to Legislature, effective upon sales tax repeal. Provides for licensing wholesalers and retailers. Taxes wholesalers 10% on gross sales; taxes retailers 10% on purchases for resale from wholesalers doing business outside California; exempting specified transactions. Declares funds received therefrom available for pensioning persons 60 years old agreeing to refrain from profitable commercial endeavor, paying them $100 monthly if unmarried, $150 jointly if married, provided pension expended in California for necessaries within 31 days. Administrative expenses payable from state general fund. Provides penalties for violations.

Date

1-1-1934

Document Type

Initiative

Qualified

Failed to Qualify

Recommended Citation

Old Age Pension California Initiative 1934-o-1 (1934).
https://repository.uclawsf.edu/ca_ballot_inits/98