Secretary of State No.

26

Description

PROPERTY TAXATION: BURDEN. INITIATIVE CONSTITUTIONAL AMENDMENT. Provides that on and after July 1, 1969, ad valorem tax burden on real and personal property shall not exceed one per cent of full cash value of property, however such limitation may be exceeded to pay bonded indebtedness but no ad valorem taxes shall be levied for school purposes except for bonded indebtedness. Defines terms "full cash value", "bonds", and "ad valorem tax burden".

Proponents

William A. Ross Attorney At Law, 1413 Sepulveda Boulevard, Manhattan Beach, California; Jason Lane C/O William A. Ross, 1413 Sepulveda Boulevard, Manhattan Beach, California; H. Don Mcclure C/O William A. Ross, 1413 Sepulveda Boulevard, Manhattan Beach, California; William L. Riddle, Jr. C/O William A. Ross, 1413 Sepulveda Boulevard, Manhattan Beach, California

Date

11-2-1966

Document Type

Initiative

Qualified

Failed to Qualify

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