Senate Constitutional Amendment 30. Limits State appropriations. Commencing 1935 requires property of public utility companies assessed by State Board of Equalization and taxed locally for local purposes as other property, taxing their franchises and income for State purposes like business corporations; authorizes legislation limiting county ad valorem taxes, allocating State taxes to meet resulting deficiency. Requires local assessments at full cash value. Limits yearly expenditures by local subdivisions until July, 1935, unless time extended by Legislature. Regulates taxation of banks and insurance companies. Empowers Legislature to provide any form of taxation not prohibited by Constitution.
Popular Vote Results
Y: 717319; A: 62.0; N: 440413; B: 38.0
Senate Constitutional Amendment
Code Sections Affected
Added Cal. Const. art. IV, section 34a. Added Cal. Const. art. XI, section 20. Added Cal. Const. art. XIII, sections 14 1/2, 15 1/2 and 16 1/2. Amended Cal. Const. art. XI, section 12. Amended Cal. Const. art. XIII, sections 14, 15 and 16. Repealed Cal. Const. art. XIII, sections 12 1/2 and 18.
Ralph E. Swing; Will R. Sharkey; Bert B. Snyder; Jerrold L. Seawell; James M. Allen; E. H. Tickle; A. L. Pierovich; Bradford S. Crittenden; J. I. Wagy; John B. McColl; R. R. Ingels; F. L. Gordon; Joe Riley; Walter H. Duval; Harold J. Powers,; H. L. Parkman; W. P. Rich; J. M. Inman; Leonard J. Difani, Members of the California State Senate
TAXATION California Proposition 1 (1933).