Nebraska Amendment 4, Tax Classification of Intangible Property Amendment (1964)
| Nebraska Amendment 4 | |
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| Election date |
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| Topic Property tax exemptions |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Nebraska Amendment 4 was on the ballot as a legislatively referred constitutional amendment in Nebraska on November 3, 1964. It was approved.
A "yes" vote supported classifying intangible property for taxation purposes and exempting intangible property held for employee benefit plans, such as pensions or profit-sharing, from taxation. |
A "no" vote opposed classifying intangible property for taxation purposes and exempting intangible property held for employee benefit plans, such as pensions or profit-sharing, from taxation. |
Election results
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Nebraska Amendment 4 |
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| Result | Votes | Percentage | ||
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251,035 | 55.09% | ||
| No | 204,613 | 44.91% | ||
Text of measure
Ballot title
The ballot title for Amendment 4 was as follows:
| “ | Constitutional amendment to permit the classification of intangible property for purposes of taxation and to provide that intangible property held in trust or otherwise for the purpose of funding pension, profit-sharing or other employees benefit plans as defined by the Legislature may be exempt from taxation. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Nebraska Constitution
A 60% supermajority vote is required during one legislative session for the Nebraska State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 30 votes in the unicameral legislature, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot. A simple majority vote is required for voter approval. However, the number of affirmative votes cast for the measure must be greater than 35% of the total votes cast in the election. This also applies to citizen initiatives.
See also
External links
Footnotes
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State of Nebraska Lincoln (capital) |
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