Florida Amendment 3 (2008)
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Florida Amendment 3 authorized the Florida legislature to prohibit the consideration of certain improvements and changes to property when assessing the property's value to ad valorem taxation. These changes and improvements included those which increase resistance to wind damage, as well as the installation of renewable energy source devices.
The measure was placed on the ballot by the Florida Taxation and Budget Reform Commission (TBRC), along with six other tax-and-budget ballot measures on April 28th.
Election results
| Florida Amendment 3: | ||||
|---|---|---|---|---|
| Votes | Percentage | |||
 Yes
| 4,109,743 | 60.4% | ||
| No | 2,698,862 | 39.6% | ||
| Total votes | 6,808,605 | 100% | ||
Results according to the Florida Department of State[1]
Arguments in Favor
Notable arguments made in support of the measure included:
- Hurricane safety may be improved in residential property.[2]
- Residential property values may be increased.[2]
- The amendment may relieve the burden on non-renewable energy sources.[2]
Arguments in Opposition
Notable arguments made in opposition to the measure included:
- Local revenues could suffer.[2]
- Individuals' savings may be minimal.[2]
- The amendment does not apply to new construction.[2]
- While homeowners who take prudent steps to protect property from natural disasters would save on their taxes, some opponents are concerned that continually carving out exemptions for certain activities such as renewable energy could ultimately distort tax laws as well as economic behavior.
See also
- Florida 2008 ballot measures
- For information on other citizen initiatives that attempted but failed to make the ballot, see Florida 2008 citizen initiatives.
- Florida ballot initiative news
- Procedures for qualifying an initiative in Florida
- Laws governing the initiative process in Florida
- Campaign finance requirements for Florida ballot measures
External links
- Full text of the initiative
- Link to Florida Department of State
- 2008 Florida constitutional amendments voter booklet
References
- ↑ Florida Department of State
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 League of Women Voters Tallahassee: "2008 State Ballot Initiatives"
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