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

ACR 39 proposes a constitutional amendment to adjust New Jersey veterans' property tax deductions annually based on inflation. It would replace the current fixed $250 deduction (effective through 2025) with a formula that increases the deduction each year according to the Consumer Price Index (CPI), starting in 2026. This change would directly affect honorably discharged veterans and their surviving spouses who qualify for the current deduction, ensuring the benefit keeps pace with inflation without decreasing. The amendment requires voter approval after legislative passage and would apply to both real and personal property taxes.