Referendum 8 says:
The legislature eliminated, without a vote of the people, agricultural excise tax preferences for various aspects of the marijuana industry, costing an estimated $24,903,000 in the first ten years, for government spending.
While Referendum 9 says:
The legislature imposed, without a vote of the people, the leasehold excise tax on certain leasehold interests in tribal property, costing an estimated $1,298,000 in the first ten years, for government spending.
Annnnddd it really doesn't matter. Because these are advisory votes. The horses have left the barn and the legislature is shouting to you that they did it and would that be OK? But we have on the books a law from a previous initiative that when they do this, they have to put it to a vote, which they are not bound by. Yeah, I don't really get it, either, and I pay attention to this stuff. We've been doing this for a while - has the legislature ever looked at an advisory vote and changed its mind?
The thing to note is when they say these initiatives cost x dollars, they are saying that it is bringing IN that much to the state coffers over the next ten years. So a million bucks is pretty good, but over a decade, not so much. Just so you're aware.
On the juicy parts, Referendum 8 denies special agricultural tax breaks to pot growers, and Number 9 puts tribes on the same status as over governmental agencies when buying property. I go with MAINTAIN for these only because I'm cool with this.
But I am really waiting to see the Referendum where we get to vote on all the tax breaks we have awarded large corporations for "job creation". No, really, when is that one happening?
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