Ba
llot History
Year:
1972
Ballot Number:
12
Short Title:
Ballot Title:
An Act to Amend the State Constitution by the addition of a new Article, concerning replacement of property taxes for the financing of schools and limitations on other property taxes, provides for creation of a State Tax Equalization Commission for uniform assessment of all real property; requires imposition by law effective January 1, 1974, of certain taxes to replace lost property tax revenue sources, namely: severance taxes; progressively graduated corporate and personal income taxes, and taxes on sales and services; provides sales tax credits and limits sales and service taxes to 3% by the State and 3% by any local governmental subdivision.
Election Results:
Rejected
Votes For
:
167,882
(
21.1%
)
Votes Against:
628,201
(
78.9%
)
Type of Change:
Constitutional
Initiative/Referendum:
Initiative
Bill/Resolution #:
Election Results - SOS:
Categories: