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Oklahoma State Question 138, Ad Valorem Tax Method Initiative (1926)
Oklahoma State Question 138 | |
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Election date |
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Topic Fossil fuel energy and Mineral resources |
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Status |
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Type Initiated state statute |
Origin |
Oklahoma State Question 138 was on the ballot as an initiated state statute in Oklahoma on November 2, 1926. It was defeated.
A "yes" vote supported establishing a method to determine the average annual ad valorem tax rate as the basis for gross production tax rates on crude oil, gas, and other minerals. |
A "no" vote opposed establishing a method to determine the average annual ad valorem tax rate as the basis for gross production tax rates on crude oil, gas, and other minerals. |
Election results
Oklahoma State Question 138 |
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Result | Votes | Percentage | ||
Yes | 72,652 | 24.79% | ||
220,382 | 75.21% |
Text of measure
Ballot title
The ballot title for State Question 138 was as follows:
“ | "To provide a method for ascertaining the average ad valorem rate effective for each year, same to be the basis for gross production tax rates for the succeeding year. Tax rate upon crude oil and gas to be the same as the average ad valorem rate and the rate upon asphalt, lead, zinc and other ores bearing rate to be one-sixth of the average ad valorem rate. Such taxes to be collected, apportioned and distributed as now provided by law. Effective at the beginning of first quarterly annual period after adoption." | ” |
Path to the ballot
In Oklahoma, the number of signatures required for an initiated state statute was equal to 8% of the votes cast in the last general election. In 2010, voters approved State Question 750, which changed the signature requirement to be based on the preceding gubernatorial election. A simple majority vote is required for voter approval.
See also
External links
Footnotes
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State of Oklahoma Oklahoma City (capital) |
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