Tennessee Constitutional Convention: Tax Classifications, Amendment 3 (1968)

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The Tennessee Constitutional Convention: Tax Classifications, Amendment 3, also known as Amendment 3, was on the ballot in Tennessee on November 5, 1968, as a legislatively referred constitutional amendment. It was approved. The amendment proposed that the constitution be amended: Article II, Section 28. The amendment proposed that a constitutional convention be held to discuss the classification of property for the purpose of tax assessment. The amendment proposes four classifications: 1) public utility property, which is to be assessed at between 45 and 55 percent of its value; 2) industrial and commercial property, which is to be assessed at between 35 and 45 percent of its value; 3) residential property, which is to be assessed at between 25 and 35 percent of its value; and 4) farm property, which is to be assessed at between 20 and 25 percent of its value. Personal property is to be exempt as well as personal household property; the exemption would be between $5,000 and $7,500. Other proposed exemptions: intangible personal property, and personal checking and savings accounts. Taxes would be levied in a uniform manner. The convention will not amend articles pertaining to personal income tax.

Election results

Tennessee Amendment 3 (1968)
Result		Votes	Percentage
a Yes		422,812	58.35%
No		301,863	41.65%

Election results via: Referenda and Primary Elections for Tennessee, 1968-1990

See also

Suggest a link

• Tennessee 1968 ballot measures
• 1968 ballot measures
• List of Tennessee ballot measures

External links

• Referenda and Primary Elections for Tennessee, 1968-1990