Assembly Constitutional Amendment 51. Amends Section 14 of Article XIII of Constitution. Exempts from the state tax on insurance companies county fire insurance companies organized under act of April 1, 1897; .provides that state shall reimburse all counties for net loss in county revenue occasioned by withdrawal of property from county taxation, and directs Legislature to provide for reimbursement from county general funds to districts suffering loss from such withdrawals.
Popular Vote Results
Y: 287194; A: 37.1; N: 487126; B: 62.9
Assembly Constitutional Amendment
Emmett I. Donohue, Assemblyman Twelfth District; P. A. Whitacre, Assemblyman Seventh-ninth District
STATE TAXATION California Proposition 10 (1924).