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Washington Tax Increment Financing Districts, HJR 22 (1973)

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Amendments

The Washington Tax Increment Financing Districts Amendment, also known as House Joint Resolution 22, was on the November 6, 1973 ballot in Washington as a legislatively-referred constitutional amendment, where it was defeated. The measure would have permitted local governments to finance development projects through the creation of districts and the resulting tax revenues from the increased values of benefited properties in these districts. The measure would have added a new section to Article VII of the Washington Constitution.[1]

Aftermath

Two similar measures, SJR 143 and HJR 23, attempting to permit tax increment financing districts were placed on the ballot in 1982 and 1985, respectively, where both were defeated.

Election results

Washington HJR 22 (1973)
ResultVotesPercentage
Defeatedd No655,12572.70%
Yes 246,055 27.30%

Election results via: Washington Secretary of State

Text of measure

The language appeared on the ballot as:[1]

May the legislature authorize urban development or redevelopment financing from property taxes attributable to increased valuations resulting from such projects?[2]

See also

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References

  1. 1.0 1.1 Office of the Secretary of State, "1973 Voters Pamphlet," accessed August 23, 2013
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.