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Alabama Income Tax, Amendment 1 (August 1956)
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The Alabama Income Tax, Amendment 1, also known as Amendment 1, was on the ballot in Alabama on August 28, 1956, as a legislatively referred constitutional amendment. It was defeated. The amendment proposed to amend the constitution. The amendment proposed that the legislature would have the power to levy and collect a tax on net income from whatever source derived within this state upon every corporation organized under the laws of Alabama, and upon every foreign corporation doing business in Alabama, and to designate and define the incomes to be taxed and to fix the rates of taxes provided that the rate would not exceed five percent of the amount of the entire net income. Such taxes would be first assessed, collected, and paid upon and with respect to taxable income earned on and after January 1, 1956. The provisions of Amendment XXV, as ratified August 2, 1933, which are inconsistent with this amendment are hereby repealed.[1]
Election results
| Alabama Amendment 1 (August 1956) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 No | 132,242 | 66.52% | ||
| Yes | 66,549 | 33.48% | ||
Election results via: Alabama Official and Statistical Register, 1959
See also
- Alabama 1956 ballot measures
- 1956 ballot measures
- List of Alabama ballot measures
- History of Initiative & Referendum in Alabama
External links
Footnotes
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State of Alabama Montgomery (capital) |
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