Increases annual income limitation to receive senior and disabled citizens' property tax deduction to $15,000.

This bill increases the annual income limit for New Jersey seniors (65+) and permanently disabled residents to qualify for a property tax deduction from $10,000 to $15,000. It directly affects low-to-moderate-income seniors and disabled residents whose current income exceeds $10,000 but stays below $15,000. The deduction itself remains capped at $250 annually against property taxes, with no change to the deduction amount. The bill requires voter approval of a constitutional amendment before taking effect, as noted in Section 2 of the legislation.