Proposes constitutional amendment to allow veterans, senior citizens, and persons with disabilities who make payments in lieu of property taxes to receive certain property tax benefits.

ACR 59 proposes a constitutional amendment to extend New Jersey's existing property tax benefits to veterans, senior citizens (65+), and persons with disabilities who pay "in lieu of property taxes" instead of regular property taxes. This applies specifically to homeowners in developments where property taxes are replaced by payments under financial agreements for blighted area redevelopment projects. Under the amendment, eligible individuals would receive a $250 annual deduction from their "in lieu" payment (or full exemption for veterans with service-connected disabilities), matching current benefits for those paying standard property taxes. The change would allow these groups to access tax relief they currently cannot receive if they own property in qualifying development projects.