Arizona Inventory Tax Exemption Amendment, Proposition 102 (1964)

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The Arizona Inventory Tax Exemption Amendment, also known as Proposition 102, was on the November 3, 1964 ballot in Arizona as an initiated constitutional amendment, where it was approved. The measure exempted inventory from being taxed. In the measure, inventory was described as "stocks of raw or finished materials, unassembled parts, work in process or finished products constituting the inventory of a retailer or wholesaler located within the state and principally engaged in the resale of such materials, parts or products, whether or not for resale to the ultimate consumer."[1]

Election results

Arizona Proposition 102 (1964)
Approveda Yes 227,463 65.36%

Election results via: Arizona State Library

Text of measure

The text of the measure can be found here.

See also

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