California Proposition 9, Taxable Items Amendment (1924)
| California Proposition 9 | |
|---|---|
 | |
| Election date November 4, 1924 | |
| Topic Taxes | |
Status Approved | |
| Type Constitutional amendment | Origin State legislature |
California Proposition 9 was on the ballot as a legislatively referred constitutional amendment in California on November 4, 1924. It was approved.
A “yes” vote supported authorizing the taxation of notes, debentures, shares of stock, bonds, solvent credits, or mortgages at a rate proportionate to their value. |
A “no” vote opposed authorizing the taxation of notes, debentures, shares of stock, bonds, solvent credits, or mortgages at a rate proportionate to their value. |
Election results
|
California Proposition 9 |
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|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
429,031 | 53.83% | ||
| No | 368,014 | 46.17% | ||
Text of measure
Ballot title
The ballot title for Proposition 9 was as follows:
| “ | Taxation | ” |
Ballot summary
The ballot summary for this measure was:
| “ | Assembly constitution amendment 30. Adds Section 12 ½ to Article XIII of Constitution. Authorizes taxation of notes, debentures, shares of stock, bonds, solvent credits or mortgages, not now exempt, in manner, at rate or proportionate to value, different from other property, and in lieu of all other property taxes thereon, requiring equitable distribution thereof to political subdivision wherein levied; rates not to exceed those on other property not exempt, and when fixed by legislature altered only by two-thirds vote of each house; property taxed for state purposes 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
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State of California Sacramento (capital) |
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