Assembly Constitutional Amendment No 17. Revises provisions authorizing retaliatory taxation on out of state insurers; provides that when California insurer has imposed on it by laws of another state or country a greater tax, obligation, or restriction than an insurer of such state or country doing business in California has imposed on it by California, then California may impose such additional tax, obligation, or restriction on insurers from such other state or country.
Popular Vote Results
Y: 4547842; A: 78.9; N: 1217770; B: 21.1
Assembly Constitutional Amendment
Code Sections Affected
Amended Cal. Const. art. XIII, section 14 4/5 (f)
Lester A. McMillan, Assemblyman, 61st District; Lou A. Cusanovich, Assemblyman, 64th District
TAXATION: RETALIATORY TAX ON OUT OF STATE INSURERS California Proposition 6 (1964).