Senate Constitutional Amendment 40. Amends Section 14 of Article XIII of Constitution. Subject to change by Legislature, changes state tax on steam railroads not exceeding two hundred and fifty miles in length, operated separately and not as part of another railroad owning or operating lines exceeding such length, from seven to five and one-quarter per cent of gross receipts ascertained as provided in Constitution; if such classification violates Federal Constitution, or prejudices state's right to tax other steam railroads at different rate, taxes all steam railroads seven per cent, or percentage hereafter adopted.
Popular Vote Results
Y: 643993; A: 73.2; N: 236104; B: 26.8
Senate Constitutional Amendment
Code Sections Affected
Added Cal. Const. art. XIII, section 14aa.
H. C. Nelson, State Senator, First District; Harry A. Chamberlin, State Senator, Thirty-first District
TAXATION OF SHORT LINE STEAM RAILROADS California Proposition 7 (1926).