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Bill > ACR79


NJ ACR79

NJ ACR79
Proposes constitutional amendment providing laws imposing, extending, or delaying repeal of State tax expire after five years unless extended by Legislature.


summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

This proposed constitutional amendment requires the Legislature's approval for the extension, beyond five years, of any law that imposes a State tax or delays the repeal or expiration of a State tax. If this amendment is adopted, any current or later enacted law imposing a State tax, or delaying the repeal or expiration of a State tax, will sunset five years after the date this amendment to the Constitution is approved or five years after the law was enacted. The Legislature could vote to extend the law for an additional five years no sooner than one year before the law is scheduled to sunset.

AI Summary

This joint resolution proposes a constitutional amendment that would require all state tax laws to automatically expire after five years unless the Legislature specifically votes to extend them. Under this proposed amendment, any law that imposes a new state tax or delays the repeal of an existing tax would automatically sunset (terminate) five years after its enactment or five years after the amendment is approved, whichever is later. The Legislature would be permitted to extend such laws for an additional five-year period, but only if they take action no earlier than four years after the law's initial effective date. The amendment aims to introduce more legislative oversight and deliberation around tax laws by requiring periodic review and explicit renewal. If approved, this constitutional change would be submitted to New Jersey voters at the next general election, with voters asked to decide whether they want to implement this automatic five-year expiration mechanism for state tax legislation.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

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

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