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NJ SCR24
NJ SCR24Proposes constitutional amendment to increase amount of annual veterans' property tax deduction from $250 to $1,250.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 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.
AI Summary
This concurrent resolution proposes a constitutional amendment to increase the annual property tax deduction for honorably discharged veterans and their surviving spouses from the current $250 to $1,250, beginning in 2024. This deduction is a reduction in the amount of property taxes owed by eligible individuals. The amendment, if approved by voters, would represent the first increase to this deduction since 1999, when it was raised from $50 to $250, with the amount remaining at $250 since 2003. The resolution outlines the process for submitting this proposed amendment to the voters for their approval at the next general election.
Committee Categories
Military Affairs and Security
Sponsors (5)
Last Action
Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/SCR24 |
| BillText | https://pub.njleg.gov/Bills/2026/SCR/24_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/SCR/24_I1.HTM |
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