Proposition Summary

INSURANCE COMPANY HOME OFFICE TAX DEDUCTION. LEGISLATIVE CONSTITUTIONAL AMENDMENT. Repeals and amends portions of Article XIII, section 28, to eliminate income tax deduction presently given insurance companies for real property taxes paid on insurers' home or principal office in California. Financial impact: The adoption of this measure will increase state General Fund revenues by approximately $19 million during the first year and this increase will probably grow thereafter.

Proposition Number

6

Year

1976

Document Type

Proposition

Pass/Fail

Pass

Legislative Vote Results

FINAL VOTE CAST BY LEGISLATURE ON SCA 12 (PROPOSITION 6): Assembly - Ayes, 76; Noes, 0 -- Senate - Ayes, 30; Noes, 3

Popular Vote Results

Y: 3645372; A: 67.0; N: 1795486; B: 33.0

Election Type

Primary

Proposition Type

Senate Constitutional Amendment

Relevant Case

California Compensation & Fire Co. v. State Bd. of Equalization: 132 Cal. App. 3d 25, 1982

Code Sections Affected

Repealed and Amended Cal. Const. art. XIII, section 28

For Author

Edmund G. Brown Jr., Governor of California; David A. Roberti, Member of the Senate, 27th District; Alan Sieroty, Member of the Assembly, 44th District

Against Author

H. L. Richardson, Member of the Senate, 19th District; Charles A. O'Brien, Former Chief Deputy Attorney General of California; Maribes Brennan, President, Democratic Womens Forum

Rebuttal Author

H. L. Richardson, Member of the Senate, 19th District; Charles A. O'Brien, Former Chief Deputy Attorney General of California; Maribes Brennan, President, Democratic Womens Forum

Rebuttal Against Author

Edmund G. Brown Jr., Governor of California; David A. Roberti, Member of the Senate, 27th District; Alan Sieroty, Member of the Assembly, 44th District

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