1992

YEAR AMENDMENT SUMMARY STATUS COMMENTS
Homestead Initiative Provided for limiting increases in homestead property valuations for ad valorem tax purposes to a maximum of 3% annually and also provided for reassessment of market values upon changes in ownership. Adopted:
For:2,493,742
Against:2,154,747
Term Limit Initiative Limited terms by prohibiting incumbents who have held the same elective office for the preceding eight years from appearing on the ballot for re-election to that office. Adopted:
For:3,625,500
Against:1,097,127
1992 TBRC 1. (relating to Appropriations Act) Required 72-hour public review for appropriations bills, a budget stabilization fund, performance measures and productivity programs, and other fiscal planning matters. Adopted:
For:3,815,541
Against:796,462
Amendments 1-4 represent the recommendation of the Tax and Budget Reform Commission.
1992 TBRC 2. (taxpayer bill of rights) Requires the legislature to adopt a Taxpayers’ Bill of Rights in clear and concise language that sets forth taxpayers’ rights and responsibilities. Adopted:
For:4,258,422
Against:472,324
1992 TBRC 3. (one-cent sales tax) Authorizes counties and municipalities to levy up to a one-cent sales tax to be used for local government services. Rejected:
For:1,886,490
Against:2,824,442
1992 TBRC 4. (tax exemptions) Subjects leaseholds in government owned property entered into since 1968 to ad valorem taxes. Removed from ballot. Smith v. American Airlines, 606 So.2d 618 (Fla. 1992)