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New Jersey Property Tax Reform, Question 1 (2006)
From Ballotpedia
| New Jersey Constitution |
|---|
| Articles |
| Preamble • I • II • III • IV • V • VI • VII • VIII • IX • X • XI |
Election results
| Question 1 | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| 1,121,130 | 67% | |||
| No | 552,380 | 33% | ||
Text of measure
The language that appeared on the ballot said:
- "Do you approve the amendment of Article VIII, Section I of the Constitution of the State of New Jersey, to provide for the annual dedication and annual appropriation of an amount equal to the annual revenue derived from a tax rate of 0.5% imposed under the New Jersey Sales and Use Tax, exclusively for the purpose of property tax reform, through a special Property Tax Reform Account established in the constitutionally dedicated Property Tax Relief Fund?"
INTERPRETIVE STATEMENT
This constitutional amendment provides that an amount equal to the annual revenue derived from a tax rate of 0.5% imposed under the New Jersey Sales and Use Tax Act shall be annually dedicated in a special account in the Property Tax Relief Fund and annually appropriated for property tax reform.
See also
- List of New Jersey ballot measures
- New Jersey 2006 ballot measures
- 2006 ballot measures
- New Jersey Senate
- New Jersey Assembly
Reference
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