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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
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| 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.
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