Constitution, Art. IX, §8, sub-§6 is enacted to read:

6.__Small business land value.__The Legislature may limit the rate of increase in the taxable value of small business land.__ The Legislature may permit municipalities to choose whether to adopt such a limitation. In implementing this subsection, the Legislature shall provide that certain changes in ownership or use of the small business land as specified by the Legislature must result in the restoration of the land to taxation at just value and the imposition of a minimum penalty equal to the tax that would have been imposed over the 5 years preceding the change of ownership or use had the small business land not been subject to a limitation on increases in taxable value under this subsection and interest, as determined by the Legislature.__Any limitation on increases in taxable value under this subsection may not affect the determination of equalized just value of a municipality for any purpose.

; and be it further

Constitutional referendum procedure; form of question; effective date. Resolved: That the municipal officers of this State shall notify the inhabitants of their respective cities, towns and plantations to meet, in the manner prescribed by law for holding a statewide election, at a statewide election, on the Tuesday following the first Monday of November following the passage of this resolution, to vote upon the ratification of the amendment proposed in this resolution by voting upon the following question:

"Do you favor amending the Constitution of Maine to permit limiting the taxable value of small business land?"

The legal voters of each city, town and plantation shall vote by ballot on this question and designate their choice by a cross or check mark placed within the corresponding square below the word "Yes" or "No." The ballots must be received, sorted, counted and declared in open ward, town and plantation meetings and returns made to the Secretary of State in the same manner as votes for members of the Legislature. The Governor shall review the returns and, if it appears that a majority of the legal votes are cast in favor of the amendment, the Governor shall proclaim that fact without delay and the amendment becomes part of the Constitution of Maine on the date of the proclamation; and be it further