Proposes constitutional amendment to increase annual income limitation for eligibility to receive property tax deduction for senior and disabled citizens.

SCR 55 proposes a constitutional amendment to raise the annual income limit for New Jersey's senior and disabled property tax deduction from $10,000 to $15,000, effective 2023. This change would directly affect senior citizens (65+ years) and permanently disabled residents who currently qualify for the deduction but exceed the $10,000 income threshold. The amendment updates a limit that has remained unchanged since 1983 (when it increased from $9,000 to $10,000). The bill requires voter approval to take effect, as it amends the state constitution.