Proposes constitutional amendment to require State reimbursement to municipalities for total property tax exemption provided to veterans having permanent and total service-connected disabilities.

ACR 159 proposes a constitutional amendment requiring New Jersey to reimburse municipalities annually for property taxes lost when veterans with permanent and total service-connected disabilities receive a full property tax exemption. Currently, these veterans qualify for 100% tax exemption on their property, but municipalities bear the lost revenue - shifting tax burdens to other property owners. The amendment would mandate the state pay municipalities the exact amount of property taxes they would have collected from exempt properties, with municipalities then distributing these funds to counties, school districts, and other local entities that also lose revenue from the exemption. This change aims to offset the financial impact on local governments without altering the veterans' exemption eligibility.