Proposition 316: Limit Local Tax Rate on Groceries to 2% of Base Price and Require Voter Approval to Increase Tax Rate Measure

PROPOSITION 316

REFERRED TO THE PEOPLE BY THE LEGISLATURE RELATING TO MUNICIPAL TRANSACTION PRIVILEGE TAX

OFFICIAL TITLE

AMENDING TITLE 42, CHAPTER 6, ARTICLE 1, SECTION 42-6015, ARIZONA REVISED STATUTES.

DESCRIPTIVE TITLE

RETROACTIVELY PROHIBITS LOCAL GOVERNMENTS FROM ADOPTING OR INCREASING A TAX ON GROCERIES WITHOUT VOTER APPROVAL AND SETS A MAXIMUM RATE OF 2%.