Colorado Initiative 12 was a initiated constitutional amendment on the November 7, 1972 election ballot in Colorado, where it was defeated.
- The measure sought to change the Colorado Constitution to limit taxes and tax use, including property tax to fund schools and sales and service taxes.
| Colorado Initiative 12 (1972)|
|Yes|| 167,882|| 21.09%|
Election Results via: The Colorado Legislative Council
Text of measure
The language that appeared on the ballot:
|| 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.