Missouri Special Real Estate Tax Exemption, Issue 2 (1930)

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The Missouri Special Real Estate Tax Exemption Amendment, also known as Issue 2, was on the November 4, 1930 ballot in Missouri as a legislatively-referred constitutional amendment, where it was defeated.[1]

The measure would have exempted all money used for real estate loans from taxation when the aggregate cost to the borrow did not exceed 5% annually.[2]

Election results

Missouri Issue 2 (1930)
ResultVotesPercentage
Defeatedd No371,47363.68%
Yes 211,858 36.32%

Election results via: University of Missouri Institute for Public Policy

Text of measure

The language appeared on the ballot as:[1]

Amendment to Article X, Missouri Constitution, by adding new section exempting from taxation all evidences of debt for money loaned on real estate in Missouri where the aggregate cost to the borrower does not exceed five per cent per annum.[3]

Chillicothe Constitution, http://chillicothe.newspaperarchive.com/chillicothe-constitution-tribune/1930-10-27/page-4/?tag=constitutional+amendment&rtserp=tags/constitutional-amendment?pc=5230&psi=58&pci=7&pt=17060&ndt=bd&py=1930&pey=1930

See also

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References