Proposition Summary

Senate Constitutional Amendment 31 adding Section 12; to Article XIII of Constitution. Authorizes legislation, subject to initiative and referendum, for taxation of notes, debentures, shares of stock, bonds or mortgages, not exempt from taxation, in manner or at rate or in proportion to value different from other property, such taxes to be in lieu of all other property taxes, state, county, municipal or district, upon such property, and to be equitably distributed to the county, municipality or district wherein such property is taxed; declares taxation under Section 14 of same article unaffected hereby.

Proposition Number

14

Year

1922

Document Type

Proposition

Pass/Fail

Fail

Popular Vote Results

Y: 248541; A: 41.4; N: 352391; B: 58.6

Election Type

General Election

Proposition Type

Senate Constitutional Amendment

For Author

Wm. J. Carr, State Senator Thirty-sixth District; A. H. Breed, State Senator Fifteenth District

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