Florida Corporate Income Tax Amendment (1971)
| Florida Corporate Income Tax Amendment | |
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| Election date |
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| Topic Business regulations and Taxes |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Florida Corporate Income Tax Amendment was on the ballot as a legislatively referred constitutional amendment in Florida on November 2, 1971. It was approved.
A “yes” vote supported allowing for an income tax on corporations. |
A “no” vote opposed allowing for an income tax on corporations. |
Election results
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Florida Corporate Income Tax Amendment |
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| Result | Votes | Percentage | ||
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841,433 | 70.33% | ||
| No | 355,023 | 29.67% | ||
Text of measure
Ballot title
The ballot title for Corporate Income Tax Amendment was as follows:
| “ | CONSTITUTIONAL AMENDMENT TO ARTICLE VII, SECTION 5 A joint resolution proposing an amendment to Section 5 of Article VII, of the Constitution of the State of Florida allowing the state to impose a tax on the net income of corporations and other artificial entities, but continuing the Constitutional prohibition against a tax on the income of natural persons. | ” |
Full Text
The full text of this measure is available here.
Constitutional changes
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Section 5. Estate, Inheritance and Income Taxes. (a) Natural Persons. No tax upon estates or inheritances or upon the income of natural persons who are residents or citizens of the state shall be levied by the state, or under its authority, in excess of the aggregate of amounts which may be allowed to be credited upon or deducted from any similar tax levied by the United States or any state. (b) Others. No tax upon the income of residents and citizens other than natural persons shall be levied by the state, or under its authority, in excess of 5% of net income, as defined by law, or at such greater rate as is authorized by a three-fifths (3/5) vote of the membership of each house of the legislature or as will provide for the state the maximum amount which may be allowed to be credited against income taxes levied by the United States and other states. There shall be exempt from taxation not less than five thousand dollars ($5,000) of the excess of net income subject to tax over the maximum amount allowed to be credited against income taxes levied by the United States and other states. (c) Effective Date. This section shall become effective immediately upon approval by the electors of Florida. |
Path to the ballot
- See also: Amending the Florida Constitution
A 60% vote was required during one legislative session for the Florida State Legislature to place a constitutional amendment on the ballot. That amounted to a minimum of 51 votes in the Florida House of Representatives and 18 votes in the Florida State Senate, assuming no vacancies. Amendments did not require the governor's signature to be referred to the ballot. Amendments on the ballot required a simple majority vote in this year.
See also
External links
- Florida Constitution Revision Commission, "Florida's Constitutions: The Documentary History"
- Ocala Star-Banner, "Voting Machine Sample Ballot, Special State, Special School Millage and City of Ocala Elections, November 2, 1971, Marion County, Florida," October 25, 1971
Footnotes
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State of Florida Tallahassee (capital) |
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