Election: Nov. 2, 2010 (General)
Outcome: Passed
Categories:
Business and ConsumersThis 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.
Shall the Act be approved which grants an exemption from state ad valorem taxation for inventory of a business?
( ) YES
( ) NO