Beginning January 1, 2013, intangible personal property shall not be subject to ad valorem tax or to any other tax in lieu of ad valorem tax within this State.

Historical Data

Added by Laws 1968, HJR 505, Section 1, State Question 460, Legislative Referendum 173, adopted at election held August 27, 1968; Amended by Laws 2012, SJR 52, Section 1, State Question 766, Legislative Referendum 363, adopted at election held November 6, 2012 (superseded document available).