California Proposition 1, Required Taxation Amendment (June 1933)
| California Proposition 1 | |
|---|---|
 | |
| Election date June 27, 1933 | |
| Topic Taxes | |
Status Approved | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 1 was on the ballot as a legislatively referred constitutional amendment in California on June 27, 1933. It was approved.
A “yes” vote supported requiring taxation on banks, insurance companies, and the property of public utility companies. |
A “no” vote opposed requiring taxation on banks, insurance companies, and the property of public utility companies. |
Election results
|
California Proposition 1 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
717,319 | 61.96% | ||
| No | 440,413 | 38.04% | ||
Text of measure
Ballot title
The ballot title for Proposition 1 was as follows:
| “ | Taxation | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Senate Constitutional Amendment 30. Limits State appropriations. Commencing 1935 requires property of public utility companies assessed by State Board of Equalization and taxed locally for local purposes as other property, taxing their franchises and income for State purposes like business corporations; authorizes legislation limiting county ad valorem taxes, allocating State taxes to meet resulting deficiency. Requires local assessments at full cash value. Limits yearly expenditures by local subdivisions until July, 1935, unless time extended by Legislature. Regulates taxation of banks and insurance companies. Empowers Legislature to provide any form of taxation not prohibited by Constitution. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the California Constitution
A two-thirds vote was needed in each chamber of the California State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
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State of California Sacramento (capital) |
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