NJ SCR55

Bill

Proposes constitutional amendment to increase annual income limitation for eligibility to receive property tax deduction for senior and disabled citizens.

Introduced
01/09/2024

In Committee
01/09/2024

Crossed Over

Passed

Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This concurrent resolution proposes a constitutional amendment authorizing an increase from $10,000 to $15,000 in the annual income limitation for eligibility to receive the annual senior and disabled property tax deduction. The change to the income limitation would take effect in 2023. In order to qualify for this deduction, a senior citizen must be 65 years of age or older, and have an annual income that does not exceed the Constitutional income limit (currently $10,000). A person who is permanently and totally disabled does not need to meet an age requirement, but does need to meet the Constitutional income limit. The annual income limit has not been increased since 1983, when the State's voters approved an increase from $9,000 per year to the current $10,000 per year.

AI Summary

This concurrent resolution proposes a constitutional amendment to increase the annual income limitation for property tax deductions available to senior citizens and disabled individuals in New Jersey. Currently, senior citizens aged 65 or older and permanently disabled persons can receive a property tax deduction, but only if their annual income does not exceed $10,000. The resolution would raise this income limit to $15,000, with the change taking effect in 2023. This represents the first increase in the income limitation since 1983, when it was raised from $9,000 to $10,000. The proposed amendment would allow more senior and disabled residents to qualify for the property tax deduction, potentially providing financial relief to those with slightly higher incomes. If approved, the amendment would be submitted to voters at a general election, with ballots including an explanation of the proposed change and its potential impact on property tax deductions for eligible citizens.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Shirley Turner (D)*,

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/09/2024)

Official Document

https://www.njleg.state.nj.us/bill-search/2024/SCR55

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2024/SCR55
BillText	https://pub.njleg.gov/Bills/2024/SCR/55_I1.HTM

Bill	Bill Name	Last Action	Type
ACR137	Proposes constitutional amendment to increase annual income limitation for eligibility to receive property tax deduction for senior and disabled citizens.	Introduced, Referred to Assembly State and Local Government Committee	Carry Over
ACR92	Proposes constitutional amendment to increase annual income limitation for eligibility to receive property tax deduction for senior and disabled citizens.	Introduced, Referred to Assembly State and Local Government Committee	Same As
SCR62	Proposes constitutional amendment to increase annual income limitation for eligibility to receive property tax deduction for senior and disabled citizens.	Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee	Carry Over

Bill > SCR55

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary