Proposes an amendment to Constitution specifying a method of providing for the maintenance and support of a thorough and efficient system of free public schools and allocating all income tax receipts to school districts.

ACR 50 is a proposed constitutional amendment that would change how New Jersey funds public schools. It would require all net income tax revenue (from personal income taxes on individuals, estates, and trusts) to be allocated exclusively to school districts based on the number of students, rather than allowing some funds to go to counties or municipalities as under current law. The amendment specifies that this per-student funding would satisfy the state's constitutional obligation to maintain a thorough and efficient public school system for children aged 5-18. It also clarifies that the Legislature retains the right to provide additional school funding beyond this requirement. This proposal must be approved by voters to become part of the state constitution.