Utah Proposition 3, Exempt Business Inventory from Property Taxes Amendment (1968)

Utah Proposition 3
Election date November 5, 1968
Topic Property tax exemptions
Status Approved
Type Legislatively referred constitutional amendment	Origin State legislature

Utah Proposition 3 was on the ballot as a legislatively referred constitutional amendment in Utah on November 5, 1968. It was approved.

A "yes" vote supported amending the constitution to allow business inventory to be exempt from property taxes.

A "no" vote opposed amending the constitution to allow business inventory to be exempt from property taxes.

Election results

Utah Proposition 3
Result		Votes	Percentage
Yes		282,483	71.79%
No		111,000	28.21%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Proposition 3 was as follows:

“

PROPOSITION NO. 3 INVENTORY TAX Shall Section 2 of Article XIII of the State Constitution be amended to provide that tangible personal property, held for sale in the ordinary course of business and which constitutes the inventory of any retailer, wholesaler, manufacturer, farmer, or livestock raiser may be deemed exempt from property taxation.

”

Full Text

The full text of this measure is available here.

Path to the ballot

See also: Amending the Utah Constitution

A two-thirds majority vote in both the legislative chambers vote is required during one legislative session for the Utah State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 50 votes in the Utah House of Representatives and 20 votes in the Utah State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.

See also

1968 Measures

• 1968 Measures
• Property tax exemptions on the ballot
• 1968 legislative sessions

Utah

• Utah ballot measures
• Utah ballot measure laws

News and analysis

• Ballot measure lawsuits
• Ballot measure readability
• Ballot measure polls