The only beneficiaries of such an exemption would be companies, corporations and others who would profit from the use of the patent or copyright to produce goods or services for sale, or the sale of the property itself. A well-known example is the process for Microsoft and the instant mega-millionaires who resulted from the Initial Product Offering to the public.
I have no problem with taxing intangible property that has value in and of itself. I have a major problem with those who tell lies and half-truths laced with innuendo to convince citizens to pass unnecessary state questions.
To me, this is the equivalent of dressing a pig up to look like a debutante. SQ 766 is a pig. Of course, this is my opinion. I could be wrong.