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.
Popular Vote Results
Y: 2668296; A: 44.5; N: 3328551; B: 55.5
Assembly Constitutional Amendment
Bob Moretti, Chairman of the Assembly Committee on Finance and Insurance; Jesse M. Unruh, Speaker of the Assembly; Robert T. Monagan, Assembly Republican Leader
Fred E. Huntley, 972 Grizzly Peak Blvd. Berkeley, California
INSURANCE COMPANIES: GROSS PREMIUM TAX California Proposition 6 (1968).