Colorado Measure 1, Tax on Intangible Property Initiative (1940)
| Colorado Measure 1 | |
|---|---|
|
|
|
| Election date |
|
| Topic Property taxes |
|
| Status |
|
| Type Initiated constitutional amendment |
Origin |
Colorado Measure 1 was on the ballot as an initiated constitutional amendment in Colorado on November 5, 1940. It was defeated.
A “yes” vote supported authorizing a 0.5% to 1% ad valorem tax on intangible personal property, with revenue contributing to direct relief, federal grant matches, and education. |
A “no” vote opposed authorizing a 0.5% to 1% ad valorem tax on intangible personal property, with revenue contributing to direct relief, federal grant matches, and education. |
Election results
|
Colorado Measure 1 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 50,806 | 10.35% | ||
|
|
440,202 | 89.65% | ||
-
- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Measure 1 was as follows:
| “ | AN ACT AMENDING ARTICLE X OF THE CONSTITUTION OF THE STATE OF COLORADO BY ADDING THERETO A NEW SECTION NUMBERED 19 AUTHORIZING THE GENERAL ASSEMBLY TO PROVIDE BY A LAW FOR THE LEVY OF AN AD VALOREM TAX OF NOT LESS THAN FIVE ($5.00) DOLLARS NOR MORE THAN TEN ($10.00) DOLLARS PER THOUSAND ON ACTUAL VALUE OF ALL INTANGIBLE PERSONAL PROPERTY, OWNED, HELD OR SECURED BY PERSONS WITHIN THE STATE OF COLORADO, DEFINING INTANGIBLE PERSONAL PROPERTY AND PROVIDING FOR CERTAIN EXEMPTIONS, ALLOCATING ALL FUNDS DERIVED FROM SUCH TAX, FIRST TO THE PAYMENT OF DIRECT RELIEF, SECOND TO MATCH FEDERAL GRANTS IN AID IN COLORADO, AND THIRD TO REPLACEMENT OF AD VALOREM TAXES ON FARMS AND HOMES OCCUPIED BY THEIR OWNERS AND FOR EDUCATIONAL PURPOSES. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
In Colorado, proponents needed to collect a number of signatures for an initiated constitutional amendment.
See also
External links
Footnotes
 |
State of Colorado Denver (capital) |
|---|---|
| Elections |
What's on my ballot? | Elections in 2026 | How to vote | How to run for office | Ballot measures |
| Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |
