Initiative measure amending Article XII of Constitution. Abolished 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 annual at their full rental value independent of improvements, and prohibits all other taxes and license fees; prescribes 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.
Popular Vote Results
Y: 124403; A: 19.4; N: 515590; B: 80.6
Lona Ingham Robinson
Albert E. Kern, President, Anti Single Tax Association of California
LAND FRANCHISE TAXATION California Proposition 29 (1922).