Proposition Summary

Initiative Constitutional Amendment. Establishes ad valorem property tax rate limitations for all purposes except payment of designated types of debts and liabilities. Eliminates property tax for welfare purposes, limits property tax for education, and requires state funding of these functions from other taxes. Increases sales, use, cigarette, distilled spirits, and corporation t taxes. Decreases state taxes on insurance companies and banks and local sales and use taxes. Requires severance tax on extraction of minerals and hydrocarbons. Requires two-thirds vote of Legislature to increase designated taxes. Restricts new exemptions from property tax to those approved by election. Financial impact: A net ascertainable decrease in revenues to state and local government in excess of $1,233,000,000 per year.

Proposition Number

14

Year

1972

Document Type

Proposition

Pass/Fail

Fail

Popular Vote Results

Y: 2700095; A: 34.1; N: 5213485; B: 65.9

Election Type

General Election

Proposition Type

Initiative constitutional

For Author

Philip E. Watson, Assessor, Los Angeles County; Joseph B. Carnahan, President, California Real Estate Assoc.; Allan Grant, President, California Farm Bureau Fed.

Against Author

Dr. Norman Topping, Chairman, Californians Against Higher Taxes; Chancellor, University of Southern California; Wilson Riles, Superintendent of Public Instruction; Mrs. Walter Schuiling, President, League of Women Voters

Rebuttal Author

Dr. Norman Topping, Chairman, Californians Against Higher Taxes; Chancellor, University of Southern California; Wilson Riles, Superintendent of Public Instruction; Mrs. Walter Schuiling, President, League of Women Voters

Rebuttal Against Author

Philip E. Watson, Assessor, Los Angeles County; Joseph B. Carnahan, President, California Real Estate Assoc.; Allan Grant, President, California Farm Bureau Federation

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