Proposition Summary

BANKS, CORPORATIONS, FRANCHISES AND INSURERS--TAXATION. LEGISLATIVE CONSTITUTIONAL AMENDMENT. Amends Constitution Article XIII, sections 27 and 28(i) to require concurrence of majority instead of two-thirds of membership of both houses for passage of bills imposing tax on corporations including state and national banks and their franchises, or changing rate of taxes imposed on insurers. Financial impact: no direct fiscal effect on state or local governments.

Proposition Number

5

Year

1976

Document Type

Proposition

Pass/Fail

Pass

Legislative Vote Results

FINAL VOTE CAST BY LEGISLATURE ON SCA 1 (PROPOSITION 5): Assembly - Ayes, 55; Noes, 20 -- Senate - Ayes, 27; Noes, 12

Popular Vote Results

Y: 3204294; A: 59.4; N: 2188419; B: 40.6

Election Type

Primary

Proposition Type

Senate Constitutional Amendment

Code Sections Affected

Amended Cal. Const. art. XIII, sections 27, 28(i)

For Author

John F. Dunlap, Member of the Senate, 4th District; Joseph B. Montoya, Member of the Assembly, 60th District; Dorothy Kellner, President, League of Women Voters

Against Author

John Stull, Member of the Senate, 38th District; William A. Craven, Member of the Assembly, 76th District; Mike D. Antonovich, Member of the Assembly, 41st District

Rebuttal Author

John Stull, Member of the Senate, 38th District; William A. Craven, Member of the Assembly, 76th District; Mike Antonovich, Member of the Assembly, 41st District

Rebuttal Against Author

John F. Dunlap, Member of the Senate, 4th District; Joseph B. Montoya, Member of the Assembly, 60th District; Dorothy Kellner, President, League of Women Voters

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