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NJ Public Question No. 1

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Parents

> United States > New Jersey > Public Questions > 2007 Public Questions > Property Tax Reform

Office

Referendum

Honorific

Referendum - Abbr:

Type

General Election

Filing Deadline

00, 2007 - 12:00pm Central

Polls Open

November 06, 2007 - 05:00am Central

Polls Close

November 06, 2007 - 07:00pm Central

Term Start

November 07, 2007 - 12:00pm

Term End

December 31, 9999 - 12:00pm

Contributor

Mr. Matt

Last Modified

Mr. Matt October 03, 2012 05:21pm

Data Sources

[Link]

Description

DEDICATES ANNUAL REVENUE OF AN AMOUNT EQUAL TO A TAX RATE OF 1% UNDER THE STATE SALES TAX FOR PROPERTY TAX REFORM

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 1% 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 1% 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.