Minnesota Amendment 1, Taxation of Railroad Companies and Banking Associations Amendment (1932)
| Minnesota Amendment 1 | |
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| Election date |
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| Topic Business taxes and Railways |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Minnesota Amendment 1 was on the ballot as a legislatively referred constitutional amendment in Minnesota on November 8, 1932. It was defeated.
A "yes" vote supported amending the Minnesota Constitution to authorize the taxation of the income of railroad companies, and make the taxation of national banking associations conform to federal law. |
A "no" vote opposed amending the Minnesota Constitution to authorize the taxation of the income of railroad companies, and make the taxation of national banking associations conform to federal law. |
Election results
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Minnesota Amendment 1 |
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| Result | Votes | Percentage | ||
| Yes | 420,052 | 50.61% | ||
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409,924 | 49.39% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Amendment 1 was as follows:
| “ | "Amendment to section 1, article 9, of the Constitution of the State of Minnesota, relating to taxation, to authorize the imposing of taxes on incomes, and on franchises, and privileges, including income, franchises and privileges of railroad companies, measured by income, which taxes may be classified, and may be graduated and progressive, and providing for exemptions therefrom, and that such taxes may be in lieu, in whole or in part, of other taxes on real or personal property. It shall not be necessary to submit to a vote of the people any law imposing a tax upon the income, franchises or privileges of railroad companies. The legislature may enact any law required to make the taxation of national banking associations conform to the laws of the United States." "Yes No " | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Minnesota Constitution
A simple majority vote is required during one legislative session for the Minnesota State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 68 votes in the Minnesota House of Representatives and 34 votes in the Minnesota State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
Ratifying an amendment requires a 'Yes' vote from a simple majority of all voters casting a ballot in the election, rather than a simple majority of those voting on the question.
See also
External links
Footnotes
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State of Minnesota St. Paul (capital) |
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