Proposes constitutional amendment to allow veterans, senior citizens, and persons with disabilities who make payments in lieu of property taxes to receive certain property tax benefits.

ACR 88 proposes a constitutional amendment to New Jersey's property tax system, establishing a permanent $250 annual deduction for veterans, senior citizens, and persons with disabilities. It extends the deduction to honorably discharged veterans, veterans with service-connected disabilities, and surviving spouses of veterans who died on active duty or were honorably discharged. The bill also clarifies that veterans living in continuing care retirement communities can receive the deduction through their community, which must pass it to them within 30 days. Additionally, it aligns the deduction amount ($250) and income threshold ($10,000 annually) for senior citizens (65+) and disabled residents with the veterans' deduction, ensuring consistent eligibility.