New Jersey

New Jersey Voters Will Decide on β€œOpen Spaces” Tax for Corporations

New Jersey voters will decide whether to renew part of a tax on corporations to pay for $2.1 billion for open spaces and farmland. This is what the question will look like on the ballot:

CONSTITUTIONAL AMENDMENT DEDICATING STATE FUNDS FOR OPEN SPACE, FARMLAND, AND HISTORIC PRESERVATION, AND CHANGING EXISTING DEDICATION FOR WATER PROGRAMS, UNDERGROUND STORAGE TANKS, AND HAZARDOUS SITE CLEANUPS

Do you approve amending the Constitution to dedicate certain State revenues each year for environmental programs?

The Constitution now dedicates four percent of the money collected from the Corporation Business Tax to help pay for some environmental programs. This amendment raises the amount from four percent to six percent beginning on July 1, 2019.

The amendment also changes, beginning July 1, 2015, some of the programs funded by the current dedication. The new dedication would be used mostly to preserve and steward open space, farmland, historic sites, and flood-prone areas. Funds would also be used to improve water quality, remove and clean up underground tanks, and clean up polluted sites. Lastly, the amendment dedicates money received from leases and other uses of State open space lands to pay for open space, farmland, and historic preservation.

INTERPRETIVE STATEMENT

This amendment would ensure stable funding for some of the State's environmental programs.

The Constitution now dedicates four percent of the money collected from the Corporation Business Tax to help pay for some environmental programs. This amendment raises the amount from four percent to six percent beginning on July 1, 2019. It also changes the amounts allocated to some of the programs funded by the existing dedication beginning on July 1, 2015.

The money from the new dedication would be used: (1) to preserve and care for open space (Green Acres), farmland, historic sites, and flood-prone areas (Blue Acres); (2) to improve water quality; (3) to pay for polluted site cleanups; and (4) for underground tank removal and cleanup.

Lastly, the amendment requires that money received from leases and certain other uses of State-owned preserved open space be used to pay for open space, farmland, and historic preservation.

The current dedication of Corporation Business Tax revenue helps pay for water quality programs, polluted site cleanups, underground tank removal and cleanup, air pollution equipment for diesel engines, and improvements to parks.

Under the State's open space preservation programs, known as Green Acres and Blue Acres, land is bought to protect water supplies, create and maintain parks and fish and wildlife areas, and protect flood-prone areas. The Green Acres program also helps pay for improvements to parks.

Copyright AP - Associated Press
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