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Missouri Proposition 2, Special Real Estate Tax Exemption Measure (1930)
| Missouri Proposition 2 | |
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| Election date |
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| Topic Property tax exemptions |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Missouri Proposition 2 was on the ballot as a legislatively referred constitutional amendment in Missouri on November 4, 1930. It was defeated.
A "yes" vote supported amending the Missouri State Constitution to exempt from taxation all debt accrued for real estate loans where the borrower's total cost does not exceed 5% per year. |
A "no" vote opposed amending the Missouri State Constitution to exempt from taxation all debt accrued for real estate loans where the borrower's total cost does not exceed 5% per year. |
Election results
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Missouri Proposition 2 |
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| Result | Votes | Percentage | ||
| Yes | 211,858 | 36.32% | ||
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371,473 | 63.68% | ||
Text of measure
Ballot title
The ballot title for Proposition 2 was as follows:
| “ | Proposition No. 2- Submitted by General Assembly.- Amendment to Article X, Missouri Constitution, by adding new section exempting from taxation all evidences of debt for money loaned on real estate in Missouri where the aggregate cost to the borrower does not exceed five per cent per annum. | ” |
Path to the ballot
- See also: Amending the Missouri Constitution
A simple majority vote is required during one legislative session for the Missouri General Assembly to place a constitutional amendment on the ballot. That amounts to a minimum of 82 votes in the Missouri House of Representatives and 18 votes in the Missouri State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of Missouri Jefferson City (capital) |
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