Art. XIII, § 25
Reimbursing local revenue lost under Section 3(k)
Duty
Taxes, Money & Commerce
Art. XIII · Taxation
Official text rightpowerlimitif conditionlegal term
The Legislature shall provide, in the same fiscal year, reimbursements to each local government for revenue lost because of Section 3(k).
History: Sec. 25 added Nov. 5, 1974, by Prop. 8. Res.Ch. 70, 1974.
Simplified explanation
The Legislature must reimburse each local government, in the same fiscal year, for revenue lost because of Section 3(k).