Assembly Constitutional Amendment No. 70. Provides that "property" subject to veterans' tax exemption shall include single-family dwelling owned by a nonprofit co-operative ownership housing corporation or trust under National Housing Act, if occupied under "occupancy agreement" by a person entitled to veterans' exemption who has an interest in the corporation or trust which is represented by a membership or share certificate.
Popular Vote Results
Y: 1608488; A: 33.1; N: 3248227; B: 66.9
Assembly Constitutional Amendment
Bert DeLotto, Assemblyman
James L. Beebe, Chairman, State and Local Government Committee, Los Angeles Chamber of Commerce
VETERANS' TAX EXEMPTION IN HOUSING PROJECT California Proposition 2 (1962).