If New Jersey voters approve it in November, a percentage of the existing Corporation Business Tax would be set aside and dedicated to preserving open space, farmland and historic sites.
The full State Senate could only muster 22 votes Monday on a measure that would ask voters to dedicate a flat $200 million annually in sales-tax revenues to saving open space and farmland, and buying up flood-prone areas.
A Senate committee has signed off on legislation that would let voters decide whether to dedicate a fraction of sales tax revenues to funding land preservation.