Arizona Property Tax Break For Business Equipment Amendment, Proposition 116 (2012)

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Property Tax Break for Business Equipment Amendment
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Type:Constitutional amendment
Constitution:Arizona Constitution
Referred by:Arizona State Legislature
Topic:Taxes
Status:On the ballot
The Arizona Property Tax Break For Business Equipment Amendment will be on the November 6, 2012 general election ballot in the state of Arizona as a legislatively-referred constitutional amendment. The measure would give businesses in the state a break on property taxes on newly acquired business equipment. The proposal was sent to the ballot during 2012 state legislative session.[1]

Path to the ballot

A majority vote is required in the Arizona State Legislature to send a constitutional amendment to the ballot. Arizona is one of ten states that allow a referred amendment to go on the ballot after a majority vote in one session of the state's legislature.

See also

References