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Measure Details

Georgia
Provides for Inventory of Businesses to Be Exempt from State Property Tax
State-Wide Referendum Question A

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

Categories:
Budget, Spending and Taxes
Business and Consumers

Yes 1310116
(54.01%)

No 1115586
(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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