California Const. art. XIII, § 27

California Constitution

Article XIII, § 27

This text of California Const. art. XIII, § 27 is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionCalifornia DocumentConstitution

ArticleXIII

Section§ 27

CitationCalifornia Const. art. XIII, § 27

Bluebook

Cal. Const. art. XIII, § 27.

Full Text

The Legislature, a majority of the membership of each house concurring, may tax corporations, including state and national banks, and their franchises by any method not prohibited by this Constitution or the Constitution or laws of the United States. Unless otherwise provided by the Legislature, the tax on state and national banks shall be according to or measured by their net income and shall be in lieu of all other taxes and license fees upon banks or their shares, except taxes upon real property and vehicle registration and license fees.

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The Legislature, a majority of the membership of each house concurring, may tax corporations, including state and national banks, and their franchises by any method not prohibited by this Constitution or the Constitution or laws of the United States. Unless otherwise provided by the Legislature, the tax on state and national banks shall be according to or measured by their net income and shall be in lieu of all other taxes and license fees upon banks or their shares, except taxes upon real property and vehicle registration and license fees.

History

Sec. 27 amended June 8, 1976, by Prop. 5. Res.Ch. 126, 1975.

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Bluebook (online)

California Const. art. XIII, § 27, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ca/XIII/27.