Proposes constitutional amendment to increase amount of veterans' property tax deduction based on annual increases in CPI.

SCR 113 proposes a constitutional amendment to adjust New Jersey's veterans' property tax deduction annually based on the cost-of-living index (CPI). Currently set at a fixed $250 since 2003, the deduction would increase starting in 2026 using CPI data from 2003-2025, then adjust each year after based on that year's CPI increase. The amount would be rounded up to the next dollar and never decrease, even if inflation falls. This change would directly benefit honorably discharged veterans and their surviving spouses who own property in New Jersey, ensuring their tax benefit keeps pace with rising living costs. The amendment requires voter approval to take effect.