California Proposition 14, Property Tax Substitution Amendment (1922)
| California Proposition 14 | |
|---|---|
| Election date November 7, 1922 | |
| Topic Taxes | |
| Status | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 14 was on the ballot as a legislatively referred constitutional amendment in California on November 7, 1922. It was defeated.
A “yes” vote supported authorizing legislation for the taxation of notes, debentures, shares of stock, bonds, or mortgages in lieu of property taxes. |
A “no” vote opposed authorizing legislation for the taxation of notes, debentures, shares of stock, bonds, or mortgages in lieu of property taxes. |
Election results
|
California Proposition 14 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 248,541 | 41.36% | ||
| 352,391 | 58.64% | |||
Text of measure
Ballot title
The ballot title for Proposition 14 was as follows:
| “ | Local Taxation | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Senate Constitutional Amendment 31 adding Section 12; to Article XIII of Constitution. Authorizes legislation, subject to initiative and referendum, for taxation of notes, debentures, shares of stock, bonds or mortgages, not exempt from taxation, in manner or at rate or in proportion to value different from other property, such taxes to be in lieu of all other property taxes, state, county, municipal or district, upon such property, and to be equitably distributed to the county, municipality or district wherein such property is taxed; declares taxation under Section 14 of same article unaffected hereby. | ” |
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
State of California Sacramento (capital) | |
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