An Amendment Concerning Municipal and County Financing of Sales Tax Anticipated Revenue Bond Projects, Unfunded Liabilities, of Closed Local Police and Fire Pension Plans, and Real and Tangible Personal Property

Arkansas Ballot Measure - Issue No. 2

Election: Nov. 6, 2012 (General)
Outcome: Failed

Yes: 427684  (43.37%)
No: 558417  (56.63%)

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Measure Text

An Act to keep Arkansas competitive by promoting funding for economic development projects; to authorize the levy of local sales and use taxes to fund economic development projects; and for other purposes.

“[ ] FOR adoption of a . . . percent (. . . %) local sales and use tax within . . . . . . . . . . . . . (name of local entity) for economic development projects not to exceed $ . . . (maximum amount of revenue to be generated) to be terminated on the first day of the calendar quarter following the expiration of ninety (90) days after . . . . . . . . . . . . (name of local entity) certifies it has received $ . . . (maximum amount of revenue to be generated).”

“[ ] AGAINST adoption of a . . . percent (. . . %) local sales and use tax within . . . . . . . . . . . . (name of local entity) for economic development projects not to exceed $ . . . (maximum amount of revenue to be generated) to be terminated on the first day of the calendar quarter following the expiration of ninety (90) days after . . . . . . . . . . . . (name of local entity) certifies it has received $ . . . (maximum
amount of revenue to be generated).”

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