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CA Property Tax Curb Targeted By Revenue-Hungry Legislature

The tax revolt that swept California and the nation starting in the 1970s may have run out of steam, but its landmark law, Proposition 13, is still largely intact.

That could change in the next two years as Democratic state lawmakers with a new two-thirds majority in both houses take aim at Proposition 13 tax restraints in their hunt for money.

Taxpayer advocates are girding for battle. "This year, for us, will be devoted entirely to defending Proposition 13," said Jon Coupal, president of the Howard Jarvis Taxpayer Association.

Source: Investors Business Daily. Read full article. (link)

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