TAXATION OF RESTRICTED HISTORIC PROPERTY. LEGISLATIVE CONSTITUTIONAL AMENDMENT. Authorizes the Legislature to define property of historical significance and to restrict the uses of such property to preserve its historical significance. If the use of such property is enforceably restricted by the Legislature, the property must be valued for property tax purposes only on a basis which is consistent with its restrictions and uses. Financial impact: No direct fiscal effect-depends upon the adoption of implementing legislation.
Legislative Vote Results
FINAL VOTE CAST BY LEGISLATURE ON ACA 111 (PROPOSITION 7): Assembly - Ayes, 68; Noes, 0 -- Senate - Ayes, 37; Noes, 0
Popular Vote Results
Y: 2794614; A: 54.4; N: 2345662; B: 45.6
Assembly Constitutional Amendment
Code Sections Affected
Amended Cal. Const. art. XIII, section 8
Daniel E. Boatwright, Member of the Assembly, 10th District; Chairman, Assembly Revenue and Taxation Committee; James R. Mills, President pro Tempore of the Senate; Dr. Knox Mellon, Executive Secretary, State Historical Resources Commission
United Organizations of Taxpayers, Inc.; Howard Jarvis, State Chairman; Edward J. Boyd, President
TAXATION OF RESTRICTED HISTORIC PROPERTY California Proposition 7 (1976).