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Measure Details

Provides for Inventory of Businesses to Be Exempt from State Property Tax

Georgia Ballot Measure - State-Wide Referendum Question A

Election: Nov. 2, 2010 (General)
Outcome: Passed

Categories:
Business and Consumers
Housing and Property
Taxes

Yes
1,310,116
(54.01%)

No
1,115,586
(45.99%)

Summary

    Summary of Proposed State-Wide Referendum Question

    This Act provides that all tangible personal property constituting the inventory of a business shall be exempt from state ad valorem taxation. If approved by a majority of the voters, the Act becomes effective on January 1, 2011, and applies to all tax years beginning on or after that date.

    Measure Text

    Shall the Act be approved which grants an exemption from state ad valorem taxation for inventory of a business?

    ( ) YES

    ( ) NO

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