North Carolina Tax Exemptions for Homesteads and Mortgages Amendment (1924)
| North Carolina Tax Exemptions for Homesteads and Mortgages Amendment | |
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| Election date |
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| Topic Property and Taxes |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
North Carolina Tax Exemptions for Homesteads and Mortgages Amendment was on the ballot as a legislatively referred constitutional amendment in North Carolina on November 4, 1924. It was approved.
A "yes" vote supported providing tax exemptions for homesteads with a purchase price of less than $3,000 and notes and mortgages with less than 5.5% interest. |
A "no" vote opposed providing tax exemptions for homesteads with a purchase price of less than $3,000 and notes and mortgages with less than 5.5% interest. |
Election results
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North Carolina Tax Exemptions for Homesteads and Mortgages Amendment |
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| Result | Votes | Percentage | ||
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149,151 | 76.11% | ||
| No | 46,827 | 23.89% | ||
Text of measure
Ballot title
The ballot title for Tax Exemptions for Homesteads and Mortgages Amendment was as follows:
| “ | [ ] For Exemption from Taxation of Homes and Homestead Notes [ ] Against Exemption from Taxation of Homes and Homestead Notes | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
The North Carolina State Legislature can refer statewide ballot measures, in the form of constitutional amendments and bond issues, to the ballot for statewide elections.
North Carolina requires a 60% vote in each legislative chamber during a single legislative session to refer a constitutional amendment to the ballot. That amounts to a minimum of 72 votes in the North Carolina House of Representatives and 30 votes in the North Carolina Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
Statutes, including bond issues, require a simple majority vote in each legislative chamber during one legislative session and the governor's signature to appear on the ballot.
See also
External links
Footnotes
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