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Bill > ACR157


NJ ACR157

NJ ACR157
Proposes constitutional amendment to increase amount of annual veterans' property tax deduction from $250 to $1,250.


summary

Introduced
09/22/2022
In Committee
09/22/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

If approved by the voters of the State, this proposed constitutional amendment would increase the amount of the veterans' property tax deduction from the current $250 to $1,250, beginning in 2024. The voters of the State last approved an increase in the amount of the deduction in 1999, from $50 to $250, to be increased by $50 each year over a period of four years. The amount of the deduction has been $250 since 2003.

Committee Categories

Business and Industry

Sponsors (7)

Last Action

Introduced, Referred to Assembly Commerce and Economic Development Committee (on 09/22/2022)

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