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Bill > ACR104
NJ ACR104
NJ ACR104Proposes constitutional amendment to increase annual income limitation for senior and disabled citizens' $250 property tax deduction and bases future annual limitations on annual CPI changes.
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
This resolution proposes a constitutional amendment to increase the annual income limit for seniors and disabled persons to be eligible for an annual $250 property tax deduction. The current annual income limit of $10,000 would be increased to $20,000. That increase would take effect in 2015, and the annual income limit would then be adjusted in each year after 2015 according to any increase in the Consumer Price Index. The last time that this annual income limit was increased was in 1983, from $9,000 per year to the current $10,000 per year. The proposed constitutional amendment will rely upon enactment of implementing legislation establishing a definition of Consumer Price Index to determine increases in years after 2015 in order to ensure that the income limits remain realistic.
AI Summary
This concurrent resolution proposes a constitutional amendment to increase the annual income limit for senior and disabled citizens to qualify for a $250 property tax deduction. Currently, the income limit is $10,000, which was last raised in 1983. This amendment would raise the limit to $20,000 starting in 2015. Furthermore, for each year after 2015, the income limit would be automatically adjusted based on changes in the Consumer Price Index (CPI), which is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. This adjustment aims to keep the income limit realistic by accounting for inflation. The resolution also outlines the process for submitting this proposed amendment to the voters for approval.
Committee Categories
Health and Social Services
Sponsors (1)
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
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/ACR104 |
| BillText | https://pub.njleg.gov/Bills/2026/ACR/104_I1.HTM |
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