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Florida Inheritance Tax, Amendment 2 (1930)

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The Florida Inheritance Tax Amendment, also known as Amendment 3, was a legislatively-referred constitutional amendment in Florida which was approved by voters in the general election on November 4, 1930.

This amendment modified Article IX of the Florida Constitution to allow for a state inheritance tax up to the same rate as the federal government tax rate.[1]

Election results

Florida Amendment 3 (1930)
ResultVotesPercentage
Approveda Yes 47,725 85.06%
No8,38014.94%

Election results via: Report of the Secretary of State of the State of Florida (1929-1930)

Text of measure

The language that appeared on the ballot:

To amend Section 11 of Article IX of the Constitution of the State of Florida relating to taxation and providing that no taxes upon inheritances or upon the income of residents or citizens of the State of Florida shall be levied by the State of Florida or under its authority, the exempting from taxation of the heads of families residing in the State of Florida household goods and personal effects to the value of $500.00, but providing, however, that the Legislature may provide for the assessment, levy and collection of a tax upon inheritances and for the levying of estate taxes not to exceed in the aggregate the amounts which may by any law of the United States be allowed to be credited against or deducted from any similar tax upon inheritances or taxes on estates assessed or levied by the United States on the same subject and providing that the power of the Legislature to levy such inheritance or estate taxes in the State of Florida shall exist only so long as and during the time a similar tax is enforced by the United States against Florida inheritances or estates, and shall only be exercised or enforced to the extent of absorbing the amount of any deduction or credit which may be permitted by the laws of the United States now existing or hereafter enacted to be claimed by reason thereof as a deduction or credit against such similar tax of the United States applicable to Florida inheritances or estates, and providing that the Legislature may provide for the appropriation of all taxes collected under this Article to such State, County, Municipal or educational purposes as it may deem advisable.[2][3]

Constitutional changes

Section 11. No taxes upon inheritances or upon the income of residents or citizens of this State shall be levied by the State of Florida, or under its authority, and there shall be exempt from taxation to the head of the family residing in this State, household goods and personal effects to the value of Five Hundred ($500.00) Dollars, provided, however, that the Legislature may provide for the assessment, levying and collection of a tax upon Inheritances, or for the levying of Estate taxes, not exceeding in the aggregate the amounts which may by any law of the United States be allowed to be credited against or deducted from any similar tax upon Inheritances, or taxes on estates assessed or levied by the United States on the same subject, but the power of the Legislature to levy such Inheritance taxes, or Estate Taxes in this State, shall exist only so long as, and during the time, a similar tax is enforced by the United States against Florida Inheritances or Estates and shall only be exercised or enforced to the extent of absorbing the amount of any deduction or credit which may be permitted by the laws of the United States, now existing or hereafter enacted to be claimed by reason thereof, as a deduction or credit against such similar tax of the United States applicable to Florida Inheritances or Estates. The Legislature may provide for the appropriation of all taxes collected under this Article to such State, County, Municipal or Educational purposes as it may deem advisable.[1]

Path to the ballot

  • The amendment was placed on the ballot as House Joint Resolution 35 of 1929.
  • The amendment did not receive approval from the Governor.[1]

See also

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External links

References

  1. 1.0 1.1 1.2 Florida Constitution Revision Commission, "Amendments, Election of 11-4-30"
  2. Bradford County telegraph, "Sample Ballot," October 31, 1930
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.