California Proposition 14, Taxes and Financing Initiative (1972)

From Ballotpedia
Jump to: navigation, search
California Proposition 14

Flag of California.png

Election date

November 7, 1972

Topic
Taxes
Status

DefeatedDefeated

Type
Initiated constitutional amendment
Origin

Citizens



California Proposition 14 was on the ballot as an initiated constitutional amendment in California on November 7, 1972. It was defeated.

A “yes” vote supported limiting ad valorem property taxes and revising the system for financing public education and social welfare.

A “no” vote opposed limiting ad valorem property taxes and revising the system for financing public education and social welfare.


Election results

California Proposition 14

Result Votes Percentage
Yes 2,700,095 34.12%

Defeated No

5,213,485 65.88%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Proposition 14 was as follows:

Property Tax Limitations

Ballot summary

The ballot summary for this measure was:

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.

Full Text

The full text of this measure is available here.


Path to the ballot

See also: Signature requirements for ballot measures in California

In California, the number of signatures required for an initiated constitutional amendment is equal to 8 percent of the votes cast at the preceding gubernatorial election. For initiated amendments filed in 1972, at least 520,806 valid signatures were required.

See also


External links

Footnotes