154k views
5 votes
What is Proposition 13?

A) Tax reform in California
B) Healthcare legislation in the United States
C) Education reform in the United Kingdom
D) Environmental policy in Australia

User Chkimes
by
7.5k points

1 Answer

2 votes

Final answer:

Proposition 13 was a tax reform initiative in California that capped property tax rates and limited their increase, significantly influencing funding for public services.

Step-by-step explanation:

Proposition 13 is A) Tax reform in California. It was a landmark decision by California's voters in 1978 which drastically reduced property taxes and restricted annual increases of the assessed value of property to an inflation factor. The proposition also requires a two-thirds majority in both legislative houses for future increases of any state tax rates. This measure had a significant impact on the funding of public services, including schools, in California and has been a topic of debate ever since.

Proposition 13 is a tax reform in California. It is a ballot proposition passed by California voters in 1978 that limited property taxes by assessing property values at their 1975 value and capping annual increases in property tax at 2%. Proposition 13 was a response to rising property taxes and concerns about the impact of increasing property values on homeowners. It had a significant effect on California's tax revenue and funding for local governments.

User DorianOlympia
by
8.0k points