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Bill > ACR27


NJ ACR27

NJ ACR27
Provides for special session of Legislature to consider property tax relief and reform.


summary

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 provides for the convening of a special session of the Legislature for the purpose of considering property tax relief and reform.

AI Summary

This concurrent resolution addresses New Jersey's property tax challenges by calling for a special legislative session focused exclusively on property tax relief and reform. The resolution highlights that New Jersey's property taxes are among the highest in the nation, placing significant financial strain on residents, particularly impacting elderly, young, and low-income families, and potentially hindering home ownership and economic growth. Specifically, the resolution requires the presiding officers of both legislative chambers to convene a special session within seven days of the resolution's passage, during which the presiding officers and minority leaders of each chamber must present bills related to property tax relief. These bills must be voted on by the members of each legislative chamber, with the ultimate goal of developing strategies to address the inequitable and burdensome property tax system that is negatively affecting the state's economic and social landscape.

Committee Categories

Government Affairs

Sponsors (7)

Last Action

Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)

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