Understanding Advisory Votes 1 & 2

Q: What do the advisory votes mean on our ballots?
Answer:

Text of the advisory votes
Advisory Vote 1 (Engrossed Senate Bill 6635)
The legislature eliminated, without a vote of the people, a business and occupation tax deduction for certain financial institutions’ interest on residential loans, costing $170,000,000 in its first ten years, for government spending.

This tax increase should be:
[ ] Repealed
[ ] Maintained
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Advisory Vote 2 (Substitute House Bill 2590)
The legislature extended, without a vote of the people, expiration of a tax on possession of petroleum products and reduced the tax rate, costing $24,000,000 in its first ten years, for government spending.

This tax increase should be:
[ ] Repealed
[ ] Maintained

Explanation

In order to balance the budget, the legislature closed two tax loopholes. These tax loopholes had reduced available state funds by $170 million and $24 million over ten years.

A vote of “Maintained” means that you are keeping these tax loopholes closed.
A vote of “Repealed” means you are repealing closing the tax loopholes.

Vote to close the special-privilege tax loopholes and help the legislature balance the budget.

Vote “Maintained” on Advisory Vote 1 and Advisory Vote 2