Proposition Summary

Legislative Constitutional Amendment. Permits Legislature to exclude from base of gross premium tax on insurance companies premiums 6 on contracts providing retirement benefits for persons employed by public schools, public or nonprofit educational institutions of collegiate grade, or school or nonprofit organization engaged in scientific research.

Proposition Number

6

Year

1968

Document Type

Proposition

Pass/Fail

Fail

Popular Vote Results

Y: 2668296; A: 44.5; N: 3328551; B: 55.5

Election Type

General Election

Proposition Type

Assembly Constitutional Amendment

For Author

Bob Moretti, Chairman of the Assembly Committee on Finance and Insurance; Jesse M. Unruh, Speaker of the Assembly; Robert T. Monagan, Assembly Republican Leader

Against Author

Fred E. Huntley, 972 Grizzly Peak Blvd. Berkeley, California

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