Proposes constitutional amendment to increase to $500 veterans' property tax deduction.
ACR 36 proposes a constitutional amendment to increase New Jersey's veterans' property tax deduction from $250 to $500 annually, phased in over five years (reaching $500 by 2027). It directly affects honorably discharged veterans and surviving spouses who meet residency requirements. The amendment would adjust the deduction amount incrementally: $300 in 2023, $350 in 2024, $400 in 2025, $450 in 2026, and $500 starting in 2027. This change would replace the current $250 deduction, which has not been raised since 1999. The proposal requires voter approval via referendum after legislative passage.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Military and Veterans' Affairs Committee
lower
3 primary · 5 co-sponsors
Sponsors
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