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Bill > ACR85
NJ ACR85
NJ ACR85Proposes 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 qualified veterans in New Jersey from $250 to $1,250, beginning in 2024. The amendment would apply to citizens and residents who have been honorably discharged or released under honorable circumstances from active service in any branch of the United States Armed Forces. If the tax bill is less than $1,250, it would be completely canceled. The resolution also extends this increased deduction to the surviving spouses of veterans who died on active duty or after honorably serving. The proposed amendment would require voter approval through a general election, where voters will be presented with a ballot question explaining the proposed change. The last time such a property tax deduction for veterans was increased was in 1999, when it went from $50 to $250 over a four-year period. If approved, this amendment would provide a significant tax relief for veterans and their surviving spouses, potentially helping to recognize their service and support their financial well-being.
Committee Categories
Business and Industry
Sponsors (9)
Brian Bergen (R)*,
Bob Auth (R),
John Azzariti (R),
Mitchelle Drulis (D),
Vicky Flynn (R),
Roy Freiman (D),
Antwan McClellan (R),
Greg McGuckin (R),
Erik Simonsen (R),
Last Action
Introduced, Referred to Assembly Commerce, Economic Development and Agriculture 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/ACR85 |
| BillText | https://pub.njleg.gov/Bills/2024/ACR/85_I1.HTM |
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