Craig Blair Co-Sponsored (Introduced) this Legislation.
Title: Amends the Constitution to Authorize the State Legislature to Establish Certain Tax Exemptions
Vote to pass a resolution that amends the constitution to authorizes the state legislature to establish certain personal property tax exemptions.
Amends the constitution to authorize the state legislature to do any of the following (Sec. 1):
Exempt one or more specific species of tangible personal property from property taxation;
Reduce the rate of taxation or assessment for one or more species of tangible personal property;
Establish different statewide rates of taxation, rates of assessment, and statewide methods of valuation for different species of tangible personal property;
Classify property as real property or as personal property for the purposes of property taxation.
NOTE: AN AMENDMENT TO THE CONSTITUTION REQUIRES TWO-THIRDS APPROVAL IN EACH CHAMBER FOR PASSAGE. IT MUST THEN BE APPROVED BY A MAJORITY OF CITIZENS VOTING IN THE NEXT ELECTION TO BE ENACTED.
Title: Amends the Constitution to Authorize the State Legislature to Establish Certain Tax Exemptions