|| PROPOSED CONSTITUTIONAL AMENDMENT NO. 4
(Proposed by the Petition of the People)
An Amendment to repeal the personal property tax on household goods; to require a vote of sixty percent of the legislature or approved by popular referendum to levy or amend any tax; and to authorize a consolidation of procedures for motor vehicle registration
A proposed amendment to the constitution of the State of Arkansas exempting household goods, as defined, from all ad valorem taxes levied by cities, counties, school districts and other taxing units in this state: Establishing a three-fifths vote of the total membership of each house of the General Assembly as the required majority for passage of any bill, to levy any tax, to alter the rate of any tax, to grant any exemption, exclusion, credit or deduction with respect to the application of any tax, to extend the application of any tax or to otherwise amend or repeal any provision of law levying a tax; authorizing the General Assembly to refer to the people any bill to levy a tax, to alter the rate of any tax, to grant any exemption, exclusion, credit or deduction with respect to the application of any tax, to extend the application of any tax, or to otherwise amend or repeal any provision of law levying a tax, if such bill receives the affirmative vote of a simple majority of the total membership of each house of the General Assembly; providing that any bill so referred shall be considered by the qualified electors voting in the general election next following the adjournment of the legislative session in which such bill was referred and shall become law if approved by a majority of the qualified electors casting votes for and against such bill; authorizing the General Assembly to establish procedures for assessing and collecting ad valorem taxes on motor vehicles at the time of registration of such vehicles; repealing section 2 of the Amendment 19 to the Arkansas Constitution which requires a three-fourths vote of the membership of each house of the General Assembly or approval of the qualified electors of the State to increase property, excise, privilege or personal tax rates; making the amendment effective January 1, 1989.