Proposes constitutional amendment to require State reimbursement to municipalities for total property tax exemption provided to veterans having permanent and total service-connected disabilities.

SCR 84 proposes a constitutional amendment requiring New Jersey to reimburse municipalities for property taxes lost when granting total property tax exemptions to veterans with permanent and total service-connected disabilities. Currently, municipalities absorb these costs, but the amendment would shift the financial burden to the state. Under the proposal, the state would pay municipalities the full amount of property taxes that would have been collected on exempted properties, and municipalities would then reimburse counties, school districts, and other local entities for their share of lost revenue. This change directly affects qualifying veterans, municipalities, and local taxing bodies that currently bear the cost of these exemptions.