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Bill > ACR32
NJ ACR32
NJ ACR32Proposes constitutional amendment to grant certain senior citizens property tax credit equal to 50 percent of property tax bill on primary residence.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
If approved by the voters of the State, this proposed constitutional amendment would require the Legislature to enact a law establishing the Stay NJ program, to provide an annual property tax credit in the amount of 50 percent of the property tax due and owing for the principal residence of any eligible claimant who is a resident of this State, age 65 or older. The purpose of this amendment is to enshrine in the New Jersey Constitution real and permanent property tax relief for the State's senior citizen population. There would be no income restriction limiting eligibility to receive a Stay NJ property tax credit. The maximum amount to be credited to an eligible claimant would be $10,000 per tax year. The surviving spouse of a deceased resident of this State who during his or her life received a Stay NJ property tax credit, would be entitled to receive the same Stay NJ property tax credit, upon the same conditions, with respect to the same principal residence, as long as the surviving spouse does not remarry, remains a resident in the same homestead with respect to which the Stay NJ property tax credit was granted, and is at least 65 years of age.
AI Summary
This concurrent resolution proposes a constitutional amendment to establish the "Stay NJ" property tax credit program, which would provide an annual property tax credit to eligible senior citizens in New Jersey. If approved by voters, the amendment mandates the Legislature to create a law offering a credit equal to 50 percent of the property tax bill on a primary residence, with a maximum credit of $10,000 per year, for residents aged 65 or older, regardless of their income. The program also extends benefits to surviving spouses who meet certain conditions, and the credit amount would be paid by the State to the municipality where the property is located, aiming to provide permanent property tax relief for seniors.
Committee Categories
Health and Social Services
Sponsors (2)
Last Action
Introduced, Referred to Assembly Aging and Human Services Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/ACR32 |
| BillText | https://pub.njleg.gov/Bills/2026/ACR/32_I1.HTM |
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