ACR 93 New Jersey General Assembly · 2024-2025 Regular Session

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
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly State and Local Government Committee
lower
2 primary · 1 co-sponsor

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