Arizona Proposition 116, Tax Exemptions for Business Equipment Amendment (2012)
| Arizona Proposition 116 | |
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| Election date |
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| Topic Taxes |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Arizona Proposition 116 was on the ballot as a legislatively referred constitutional amendment in Arizona on November 6, 2012. It was defeated.
A "yes" vote supported establishing the tax exemption amount for business equipment to be equal to the combined earnings of 50 workers. |
A "no" vote opposed establishing the tax exemption amount for business equipment to be equal to the combined earnings of 50 workers. |
Election results
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Arizona Proposition 116 |
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| Result | Votes | Percentage | ||
| Yes | 852,981 | 43.92% | ||
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1,089,294 | 56.08% | ||
Text of measure
Ballot title
The ballot title for Proposition 116 was as follows:
| “ | PROPOSING AN AMENDMENT TO THE CONSTITUTION OF ARIZONA; AMENDING ARTICLE IX, SECTION 2, CONSTITUTION OF ARIZONA; RELATING TO PROPERTY TAX EXEMPTIONS. | ” |
Ballot summary
The ballot summary for this measure was:
| “ | SETS THE AMOUNT EXEMPT FROM ANNUAL TAXES ON BUSINESS EQUIPMENT AND MACHINERY PURCHASED AFTER 2012 TO AN AMOUNT EQUAL TO THE COMBINED EARNINGS OF 50 ARIZONA WORKERS. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Arizona Constitution
A simple majority vote was needed in each chamber of the Arizona State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
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State of Arizona Phoenix (capital) |
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