Show For () Against Q I Official Ballot Title: Shall Article XIII Section 14 of the State Constitution be amended to allow the Legislature to exempt motor vehicles aircraft and watercraft from the property tax and provide instead of the property tax a uniform state fee for vehicles used on public highways lands or waterways Proposition No 1 TANGIBLE PERSONAL PROPERTY TAX EXEMPTION Vote cast by the members HOUSE (75 members): SENATE (29 members): of Yeas the Legislature on final 1984 2 Absent 68 Nays Yeas 23 Nays 0 Absent passage: or not voting or not voting 7 6 IMPARTIAL Proposal revenue and taxation article of the Utah Constitution requires that all property unless exempted be taxed at a uniform and equal rate The property taxes on automobiles boats and aircraft are determined and collected at the county level Even though the constitution requires a uniform The current and equal rate of assessment the same car could have different tax bills in different counties This is because of different tax rates (mill levy rates) for each county The formula for the property tax is: Assessed Value 1 I ANALYSIS The rate would be the same wherever the property is registered In the state As with the current property tax the revenue from the fee would be distributed back to the local taxing districts Effective Date The amendment if approved by the voters would be effective beginning December 31 1984 However the amendment only authorizes the legislature to change the current taxes to uniform fees for vehicles watercraft and aircraft Until those changes are made by the legislature no change in the current law would occur Fiscal Effect X Mill Levy Rate Amount of Tax The proposed amendment would allow the legislature to exempt from the property tax all types of vehicles watercraft and aircraft that must be registered to be used on public highways waterways or lands Instead of a tax on these vehicles and craft the legislature would establish uniform statewide fees or levies There has been no enabling legislation passed by the legislature at this time that would change the property tax on vehicles and craft to a uniform fee Therefore if passed this amendment would have no fiscal impact for the next tax year Future legislation would be required to implement the changes authorized by this amendment |