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Colorado Tax Limits, Measure 12 (1972)

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The Colorado Tax Limits Act, also known as Initiative 12, was on the November 7, 1972 ballot in Colorado as an initiated constitutional amendment, where it was defeated. The measure would have limited property taxes to fund schools and sales and service taxes.[1]

Election results

Colorado Initiative 12 (1972)
ResultVotesPercentage
Defeatedd No628,20178.91%
Yes 167,882 21.09%

Election results via: The Colorado Legislative Council

Text of measure

The language appeared on the ballot as:[1]

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

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.

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