New Jersey Question 2, Allowable Uses of the Corporation Business Tax (2003)
Under the New Jersey Constitution, some of the revenues from the state's "Corporation Business Tax" can be used for certain designated purposes. Specifically, 4% of the annual revenue from the tax is set aside for these purposes:
- Hazardous discharge cleanup performed by the state.
- Water quality projects.
- Underground storage tank upgrades, replacements, closures and remediations.
And, specifically, one-third of the 4% going into these purposes was to be dedicated to the underground storage tank upgrades, replacements, closures and remediations.
The impact of the approval of Question 2 was to "expand the authorized uses of the one third dedicated to underground storage tank projects, to allow that portion to be used also for funding loans or grants to remediate hazardous substance discharges and for the use of up to $2 million per year for an underground storage tank inspection program."
|New Jersey Question 2|
|New Jersey Constitution|
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Text of measure
|Total campaign cash|
The "Clean and Green Coalition" raised $54,100 for a campaign on behalf of a "yes" vote on Question 2.
State of New Jersey
|State executive officer||
Governor | Lieutenant Governor | Attorney General | Secretary of State | Treasurer | Comptroller | Commissioner of Education | Commissioner of Insurance | Secretary of Agriculture | Commissioner of Environmental Protection | Commissioner of Labor and Workforce Development | President of Public Utilities |