Advisory Vote No. 3 (lease-hold excise tax credit)
The legislature eliminated, without a vote of the people, a leasehold excise tax credit for taxpayers who lease publicly-owned property. The tax will generate about $2 million over 10 years. Voters are being asked if the tax should be repealed or maintained. But as an advisory vote, it’s basically little more than a public opinion and will have no legal bearing on the Legislature.