Title: Amends Requirements for Ballot Measures for Future Tax Increases
Vote Smart's Synopsis:
Vote to pass a resolution that submits a constitutional amendment to the voters that amends the requirements for ballot measures involving taxes.
Requires an affirmative vote from at least 60 percent of qualified voters for any initiative, referendum, or proposed amendment to the constitution that involves the following issues (Sec. 1):
A new tax;
An increase in the existing tax rates;
A reduction or elimination of an existing tax deduction; or
The authorization of certain entities to collect or levy taxes.
NOTE: AN AMENDMENT TO THE CONSTITUTION REQUIRES MAJORITY APPROVAL IN EACH CHAMBER FOR PASSAGE. AN AMENDMENT MAY ALSO BE PROPOSED BY INITIATIVE PETITION. IT MUST THEN BE APPROVED BY A MAJORITY OF CITIZENS VOTING IN THE NEXT ELECTION TO BECOME ENACTED.