Title

Warrants

Secretary of State No.

1942-w-1

Description

WARRANTS. STATE BANK. GROSS INCOME TAX. Initiative Constitutional Amendment. Defines senior and junior electors, requiring Legislature provide them $20 and $7 weekly, respectively; otherwise creates board to issue them dollar warrants therefor weekly, redeemable annually in cash provided fifty-two two-cent stamps sold by State, affixed thereto. Appropriates $500,000 operating fund. Creates State Bank partly capitalized with $20,000,000 State funds, handling warrants. Substitutes for all other taxes monthly 3 percent gross income tax on money or value received from any source, with exceptions. Changes State county budgetary provisions. Prohibits judicial interference with amendment.

Date

1-1-1942

Document Type

Initiative

Qualified

Failed to Qualify

Download

Share

COinS