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New Jersey Part of Corporate Business Tax Dedicated to Environmental Spending, Question 2 (1996)
From Ballotpedia
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The question on the ballot was:
- Shall the amendment to Article VIII, Section II, of the Constitution of the State of New Jersey, agreed to by the legislature, to provide that an amount equivalent to 4% of the revenue annually derived from the imposition of the Corporation Business Tax, or any other State law of similar effect, be deposited in a special account, which could be appropriated by the legislature only for the following purposes and in the following manner: a minimum of one-half for funding the costs incurred by the State relating to hazardous discharge remediations; a minimum of one-third, dedicated until December 31, 2008, for funding or financing loans and grants for underground storage tank upgrades, replacements, closures, and remediations; and a minimum of one-sixth, or a minimum of $5 million, whichever is less, for funding costs related to water quality monitoring, watershed planning, and nonpoint source water pollution prevention, be approved?"