Proposes constitutional amendment to authorize temporary property tax exemption for value of certain homestead improvements.

ACR 155 proposes a constitutional amendment requiring New Jersey to create a temporary property tax exemption for homeowners who make qualifying improvements to their primary residence. The exemption would cover up to $100,000 in assessed value from home improvements (like renovations) and last for no more than three consecutive tax years. Homeowners would still pay property taxes on their home's original value and any improvements exceeding $100,000. This resolution must be approved by voters before the Legislature can enact the implementing law. The amendment itself does not create the exemption - it only mandates that the Legislature pass such a law if voters approve.