Nevada Question 1, Tax Exemption for Personal Property in Transit Amendment (1960)
| Nevada Question 1 | |
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| Election date |
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| Topic Taxes |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Nevada Question 1 was on the ballot as a legislatively referred constitutional amendment in Nevada on November 8, 1960. It was approved.
A "yes" vote supported providing a tax exemption for personal property in transit. |
A "no" vote opposed providing a tax exemption for personal property in transit. |
Election results
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Nevada Question 1 |
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| Result | Votes | Percentage | ||
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62,928 | 74.61% | ||
| No | 21,410 | 25.39% | ||
Text of measure
Ballot title
The ballot title for Question 1 was as follows:
| “ | Shall—Assembly Joint Resolution—Proposing an amendment to section 1 of article 10 of the constitution of the State of Nevada to provide a tax exemption for personal property in transit. Resolved by the Assembly and Senate of the State of Nevada, jointly, That section 1 of article 10 of the constitution of the State of Nevada be amended to read as follows: Section 1. The legislature shall provide by law for a uniform and equal rate of assessment and taxation, and shall prescribe such regulations as shall secure a just valuation for taxation of all property, real, personal and possessory, except mines and mining claims, when not patented, the proceeds alone of which shall be assessed and taxed, and when patented, each patented mine shall be assessed at not less than five hundred dollars ($500), except when one hundred dollars ($100) in labor has been actually performed on such patented mine during the year, in addition to the tax upon the net proceeds; shares of stock (except shares of stock in banking corporations), bonds, mortgages, notes, bank deposits, book accounts and credits, and securities and choses in action of like character are deemed to represent interest in property already assessed and taxed, either in Nevada or elsewhere, and shall be exempt. Personal property which is moving in interstate commerce through or over the territory of the State of Nevada, or which was consigned to a warehouse, public or private, within the State of Nevada from outside the State of Nevada for storage in transit to a final destination outside the State of Nevada, whether specified when transportation begins or afterward, shall be deemed to have acquired no situs in Nevada for purposes of taxation and shall be exempt from taxation. Such property shall not be deprived of such exemption because while in the warehouse the property 1s assembled, bound, joined, processed, disassembled, divided, cut, broken in bulk, relabeled or repackaged. No inheritance or estate tax shall ever be levied, and there shall also be excepted such property as may be exempted by law for municipal, educational, literary, scientific or other charitable purposes. — be approved ? | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Nevada Constitution
A simple majority vote is required during two successive legislative sessions for the Nevada State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 22 votes in the Nevada State Assembly and 11 votes in the Nevada State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of Nevada Carson City (capital) |
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