Nebraska Amendment 5, Taxation of Warehouse Goods Amendment (1960)
| Nebraska Amendment 5 | |
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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 5 was on the ballot as a legislatively referred constitutional amendment in Nebraska on November 8, 1960. It was approved.
A "yes" vote supported authorizing the establishment of bonded warehouses and exempting goods in transit from ad valorem taxation while stored there. |
A "no" vote opposed authorizing the establishment of bonded warehouses and exempting goods in transit from ad valorem taxation while stored there. |
Election results
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Nebraska Amendment 5 |
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| Result | Votes | Percentage | ||
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221,405 | 53.40% | ||
| No | 193,191 | 46.60% | ||
Text of measure
Ballot title
The ballot title for Amendment 5 was as follows:
| “ | Constitutional amendment to authorize the Legislature to establish bonded and licensed warehouses or storage areas for goods, wares, and merchandise in transit in the state which are interfiled for and which are shipped to final destination outside this state, and to exempt such goods, wares, and merchandise from ad valorem taxation while in such warehouses or storage areas. | ” |
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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