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

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Proposition 116
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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, 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.[1]

Text of the measure

Summary

The summary of the measure reads as follows:[2]

A Concurrent Resolution proposing an amendment to the Constitution of Arizona; Amending Article II, Section 31 and Article XVIII, Section 6, Constitution of Arizona; relating to crime victim protection from liability for damages.[3]

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

  1. Business Week, "Arizona ballot measure set business equipment tax", April 24, 2012
  2. Arizona Secretary of State, "Ballot Measures", September 17, 2012
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.