Proposes constitutional amendment to increase amount of veterans' property tax deduction from $250 to $2,500 over four years.

This bill proposes amending the New Jersey Constitution to increase the property tax deduction for veterans from $250 to $2,500 over a four-year period. The increase would occur in annual steps, reaching the full $2,500 amount by tax year 2029, and would apply to honorably discharged veterans and their surviving spouses. The amendment also clarifies how the deduction works for veterans living in continuing care retirement communities, ensuring they receive the benefit through a payment or credit from the facility. If approved by the legislature and voters, the change would become permanent and cannot be altered or repealed.