The Arizona Property Tax Break For Business Equipment Amendment
, also known as Proposition 116
, 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
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.