Attorney General No.

SA2003RF0014

Secretary of State No.

984

Description

TWO-THIRDS-PLUS-ONE VOTE REQUIREMENT. TAXES. FEES. INITIATIVE CONSTITUTIONAL AMENDMENT. Requires two-thirds-plus-one vote of each house of the Legislature, instead of current two-thirds vote, to enact state taxes increasing revenue. Requires two-thirds-plus-one vote of each house of the Legislature, instead of current majority vote, to enact fees exceeding reasonable cost of regulating an activity, or fees to monitor, study or mitigate the effects of an activity without imposing significant regulatory obligation. Excludes certain assessments and fees from requirements. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Potentially significant decrease in state revenues from taxes and certain regulatory fees, depending upon future legislative actions.

Proponents

Larry McCarthy and Allan S. Zaremberg, c/o Nielsen, Merksamer, Parrinello, Mueller & Naylor, LLP, 770 L Street, Suite 800, Sacramento, CA 95814, Attn: Richard D. Martland, (916) 446-6752

Date

6-18-2003

Document Type

Initiative

Qualified

Failed to Qualify

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