Secretary of State No.
WARRANTS. STATE BANK. GROSS INCOME TAX. Initiative Constitutional Amendment. Defines senior and junior electors, requiring Legislature provide them $20 and $7 weekly, respectively; otherwise creates board to issue them dollar warrants therefor weekly, redeemable annually in cash provided fifty-two two-cent stamps sold by State, affixed thereto. Appropriates $500,000 operating fund. Creates State Bank partly capitalized with $20,000,000 State funds, handling warrants. Substitutes for all other taxes monthly 3 percent gross income tax on money or value received from any source, with exceptions. Changes State county budgetary provisions. Prohibits judicial interference with amendment.
Failed to Qualify
Warrants California Initiative 1942-w-1 (1942).