Bill > SCR65

This concurrent resolution calls for a special legislative session in New Jersey specifically focused on addressing the state's high property tax burden. The resolution acknowledges that New Jersey's property taxes are among the highest in the nation and are creating significant economic challenges, particularly for elderly, young, and low-income residents. The key provision mandates that within seven days of the resolution's passage, the presiding officers of both legislative chambers must convene a special session dedicated exclusively to property tax relief and reform. During this session, the presiding officers and minority leaders of each house are required to present bills related to property tax issues, and these bills must be voted on by the full membership of their respective chambers. The underlying motivation is to address the inequitable and nonuniform application of school funding that contributes to the high property tax rates and to develop legislative solutions to make home ownership more accessible and reduce the economic strain on New Jersey residents.

Government Affairs

https://www.njleg.state.nj.us/bill-search/2024/SCR65