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.
Source for Popular Vote data: New Jersey Division of Elections. Ballot Questions Tally For November 2007 General Election, New Jersey Division of Elections (http://www.nj.gov/oag/elections/2007results/07general-election/07-official-general-election-tallies(pub-ques)-12.3.07.pd) (accessed 04 Dec 2007)