Georgia Business Inventory Exemption, Referendum A (2010)
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The Georgia Business Inventory Exemption Referendum, also known as Referendum A, was on the November 2, 2010 ballot in Georgia as a legislatively referred state statute, where it was approved. The measure allowed for inventory of businesses to be exempt from state property tax.[1][2][3]
Election results
- See also: 2010 ballot measure election results
| Georgia Referendum A (2010) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| 1,310,116 | 54.01% | |||
| No | 1,115,586 | 45.99% | ||
Election results via: Georgia Secretary of State
Text of measure
Title
The question on the ballot:
| Shall the Act be approved which grants an exemption from state ad valorem taxation for inventory of a business?[2][4] |
Full text
The full text of the measure can be found here.
Media editorial positions
Support
- Savannah Morning News supported Referendum A. The editorial board said, "Georgia is one of only six states that levy a state property tax on business inventory. Referendum A would bring the Peach State in line with most of the rest of the country, and reduce the tax burden on Georgia businesses."[5]
- Creative Loafing said, "At issue: Eliminating a state tax on inventory that sits unsold in businesses' warehouses and stockrooms. That would mean the state would see about $2 million less in revenue — an amount even the staunchest of tax-break opponents say is small."[6]
Path to the ballot
Article VII, Section II, Paragraph II(a) of the Georgia Constitution requires the legislature to pass any proposed tax exemptions by a two-thirds (66.67%) vote in each chamber. Legislative approval of a proposal refers it to the ballot, where simple majority voter approval is required.
The measure was approved by the Senate on March 25, 2009 and by the House on March 12, 2009. The measure was submitted to the governor on May 4, 2009.[7]
See also
External links
- Georgia Secretary of State
- Proposed Constitutional Amendments and State-Wide Referendum Question
- HB 482 summary
- HB 482 full text
Additional reading
Footnotes
- ↑ Georgia Secretary of State, "Georgia Election Results," accessed November 2, 2015
- ↑ 2.0 2.1 Georgia Secretary of State, "Proposed Constitutional Amendments and State-wide Referendum Question General Election November 2, 2010," accessed November 5, 2015
- ↑ Georgia General Assembly, "HB 482 full text," accessed September 24, 2010
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Savannah Morning News, "Burying relics," October 10, 2010
- ↑ Creative Loafing, "Our pick for ballot measures: Yes to all (except Amendment 1)," October 27, 2010
- ↑ Georgia General Assembly, "HB 482 summary," accessed September 24, 2010
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