2022 General Election- Proposed Constitutional Amendments on the Ballot Affecting Education
FACT SHEET
Amendment No. 2: Property Tax Modernization Amendment Summary of Purpose
This amendment would give the state legislature the power to provide personal property exemptions for equipment and inventory directly used for business.
Summary of Purpose: “To amend the State Constitution by providing the Legislature with authority to exempt tangible machinery and equipment personal property directly used in business activity and tangible inventory personal property directly used in business activity and