TAXATION--REHABILITATED PROPERTY--LEGISLATIVE CONSTITUTIONAL AMENDMENT. Adds Constitution, article XIII, section 44, to give Legislature power to exempt from taxation all or portion of full value of a qualified rehabilitated residential dwelling, as defined by Legislature, for five fiscal years following rehabilitation of such dwelling. Exemption shall be amount equal to full value of such rehabilitation up to maximum amount specified by Legislature, and shall be applied only to that portion of full value attributable to such rehabilitation which exceeds full value of dwelling before rehabilitation. Financial impact: Would cause minor increase in state costs. Net effect of exemption on local revenues cannot be predicted.
Legislative Vote Results
FINAL VOTE CAST BY LEGISLATURE ON SCA 29 (PROPOSITION 10) Assembly - Ayes, 70; Noes, 2 -- Senate - Ayes, 27; Noes, 0
Popular Vote Results
Y: 2306938; A: 42.8; N: 3080947; B: 57.2
Senate Constitutional Amendment
Milton Marks, Member of the Senate, 5th District; Pat Russell, Councilwoman, City of Los Angeles; John F. Henning, Executive Secretary/Treasurer, California Labor Federation AFL-CIO
William E. Dannemeyer, Member of the Assembly, 69th District
Rebuttal Against Author
Milton Marks, State Senator, 5th District; Pat Russell, Councilwoman, City of Los Angeles; John F. Henning, Executive Secretary/Treasurer, California Labor Federation AFL-CIO
Taxation - Rehabilitated Property California Proposition 10 (1978).