Choices
Ballot Question
An Act to Amend the State Constitution by the addition of a new Article, concerning replacement of property taxes for the financing of schools and limitations on other property taxes, provides for creation of a State Tax Equalization Commission for uniform assessment of all real property; requires imposition by law effective January 1, 1974, of certain taxes to replace lost property tax revenue services, namely: severance taxes; progressively graduated corporate and personal income taxes, and taxes on sales and services, provides sales tax credits and limits sales and service taxes to 3% by the state and 3% by any local governmental subdivision.