Secretary of State No.

117

Description

TAXATION. INITIATIVE CONSTITUTIONAL AMENDMENT. Amends State Constitution article XIII, section 27, to require a simple majority vote of each House of the Legislature, rather than the two-thirds majority vote presently required, to tax corporations, including state and national banks. Repeals article XIII, section 28 of the Constitution, which currently provides the basis and method for imposition of taxes on insurers, and adds new section 28 thereto to simply provide that the Legislature, by a majority vote, may tax insurers and exempt them from local government taxation, except real property taxes.

Proponents

William M. Bennett, 35 Evergreen Drive, Kentfield, California; Richard B. Spohn, 1918 "A" Alberta St., Venice, California 90291; Edwin A. Koupal, Jr., 3456 W. Olympic Boulevard, Los Angeles, California 90019; Paul Carpenter, 5851 Karen, Cypress, California 90630; Helen Doris Schulte, 579 Hacienda Drive, Scotts Valley, California 95066; Bryan W. Stevens, 17247 E. Autumn Drive, Valinda, California 91744; Miles Myers Aka Mike Myers, 6308 Heather Ridgeway, Oakland, California 94611; Bryan W. Stevens, 180 Canejo, Millbrae, California 94030

Date

4-30-1975

Document Type

Initiative

Qualified

Failed to Qualify

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