New Jersey Question 1 Dedicates Annual Revenue of an Amount Equal to a Tax Rate of 0.5% Under the State Sales Tax for Property Tax Reform
was on the November 7, 2006
election ballot in New Jersey
as a legislatively-referred constitutional amendment
, where it was approved
| Question 1|
| Yes|| 1,121,130|| 67%|
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?"
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.