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Georgia Business Inventory Exemption, Referendum A (2010)

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Georgia Business Inventory Exemption, Referendum A appeared 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]

Election results

See also: 2010 ballot measure election results
Referendum A (Business Inventory)
Result Votes Percentage
Approveda Yes 1,310,116 54.0%
No 1,115,586 46.0%
Total votes 2,425,702 100.00%
Voter turnout  %


Official results obtained from the Georgia Secretary of State.

Text of measure

Title

The ballot question read as follows:[2]

Shall the Act be approved which grants an exemption from state ad valorem taxation for inventory of a business?
(__) Yes
(__) No

Media editorial positions

See also: Endorsements of Georgia ballot measures, 2010

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."[3]
  • 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."[4]

Path to the ballot

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.[5]

See also

External links

 		Suggest a link

Additional reading

References

  1. ↑ Georgia General Assembly,"HB 482 full text," retrieved September 24, 2010
  2. ↑ Georgia Secretary of State,"Georgia 2010 ballot amendments & referendums," retrieved September 24, 2010
  3. ↑ Savannah Morning News,"Burying relics," October 10, 2010
  4. ↑ Creative Loafing,"Our pick for ballot measures: Yes to all (except Amendment 1)," October 27, 2010
  5. ↑ Georgia General Assembly,"HB 482 summary," retrieved September 24, 2010
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