Georgia Amendment 7, Tax Exemption for Pension and Profit-Sharing Trusts Measure (1952)

Georgia Amendment 7
Election date November 4, 1952
Topic Property tax exemptions
Status Approved
Type Legislatively referred constitutional amendment	Origin State legislature

Georgia Amendment 7 was on the ballot as a legislatively referred constitutional amendment in Georgia on November 4, 1952. It was approved.

A "yes" vote supported authorizing the General Assembly to exempt from taxation intangible personal property held in trusts that are part of federally tax-exempt pension, profit-sharing, or stock bonus plans.

A "no" vote opposed authorizing the General Assembly to exempt from taxation intangible personal property held in trusts that are part of federally tax-exempt pension, profit-sharing, or stock bonus plans.

Election results

Georgia Amendment 7
Result		Votes	Percentage
Yes		219,954	73.06%
No		81,112	26.94%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Amendment 7 was as follows:

“

FOR ratification of the amendment to Paragraph 4, Section 1, Article VII of the Constitution of Georgia of 1945 authorizing the General Assembly to exempt from taxation intangible personal property owned by a trust for forming a part of a pension, profit sharing or stock bonus plan exempt from federal income tax under Section 165(a) of the Federal Internal Revenue Code. AGAINST ratification of the amendment to Paragraph 4, Section 1, Article VII of the Constitution of Georgia of 1945 authorizing the General Assembly to exempt from taxation intangible personal property owned by a trust for forming a part of a pension, profit sharing or stock bonus plan exempt from federal income tax under Section 165(a) of the Federal Internal Revenue Code.

”

Path to the ballot

See also: Amending the Georgia Constitution

A two-thirds (66.67%) vote is required during one legislative session for the Georgia State Legislature to place an amendment on the ballot. That amounts to a minimum of 120 votes in the Georgia House of Representatives and 38 votes in the Georgia State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.

See also

1952 Measures

• 1952 Measures
• Property tax exemptions on the ballot
• 1952 legislative sessions

Georgia

• Georgia ballot measures
• Georgia ballot measure laws

News and analysis

• Ballot measure lawsuits
• Ballot measure readability
• Ballot measure polls