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New Jersey Property Tax Reform, Question 1 (2006)

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New Jersey Constitution
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Preamble
Articles
IIIIIIIVVVIVIIVIIIIXXXI
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.[1]

Election results

Question 1
ResultVotesPercentage
Approveda Yes 1,121,130 67%
No552,38033%

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.

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