Proposes constitutional amendment to increase amounts of property tax deductions granted to senior citizens, persons with disabilities, and veterans.
ACR 93 proposes a constitutional amendment to increase New Jersey's property tax deductions for three groups: senior citizens (65+), persons with disabilities, and veterans. The current annual deduction of $250 would rise to $500 starting in 2024, while maintaining existing income limits ($10,000 annually) and eligibility rules. Surviving spouses of eligible individuals would also receive the increased $500 deduction after their spouse's death. This change applies to deductions on real property taxes and cooperative housing, with no additional changes to current qualification criteria.
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 State and Local Government Committee
lower
2 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Anthony Verrelli
DDemocratic
P
Verlina Reynolds-Jackson
DDemocratic
Co
Reginald Atkins
DDemocratic
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