New Jersey Part of Corporate Business Tax Dedicated to Environmental Spending, Question 2 (1996)

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New Jersey Constitution
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Preamble
Articles
IIIIIIIVVVIVIIVIIIIXXXI
New Jersey Question 2, whose official ballot title was Dedication of 4% of Corporation Tax Revenue for Hazardous Discharge Clean-Ups, Underground Storage Tank Upgrades and Clean-ups and the Preservation of Water Quality, was on the November 5, 1996 election ballot in New Jersey as a legislatively-referred constitutional amendment, where it was approved.

Election results

New Jersey Question 2 (1996)
ResultVotesPercentage
Approveda Yes 1,496,025 69.98%
No641,91030.02%

Text of measure

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?[1]

See also

External links


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