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Pensions, Taxes, Initiatives and Referenda

1948
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Artifact Description

PENSIONS, TAXES, INITIATIVES AND REFERENDA. INITIATIVE CONSTITUTIONAL AMENDMENT. Adds Article XXX, amends Article IV, Section 1, State Constitution. Provides $75 minimum monthly payments for persons at age 60, disabled or blind persons, subject to cost-of-living increases. Imposes one percent gross income tax, to be increased if necessary to finance public schools and pension payments. Abolishes State sales tax. Levies graduated tax on net incomes $30,000 and over. Decreases number of signatures required to qualify initiative petitions; subjects all legislative enactments to referendum; changes procedure for preparing, circulating and filing initiative petitions and preparing arguments on ballot measures.

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