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Bill > SCR96

NJ SCR96

NJ SCR96
Proposes constitutional amendment to increase amount of veterans' property tax deduction from $250 to $2,500 over four years.

summary

Introduced
02/09/2026
In Committee
02/09/2026
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 increase the amount of the veterans' property tax deduction from the current $250 to $2,500. The increase would occur over four years. Veterans who are honorably discharged from active service in a branch of the United States Armed Forces qualify for the deduction. A qualified veteran's surviving spouse would receive the deduction after the qualified veteran dies. The amendment would increase the amount of the deduction to $1,000 in tax year 2025, $1,500 in tax year 2026, $2,000 in tax year 2027, and $2,500 in tax year 2028, and every tax year thereafter. The voters of the State last approved an increase in the amount of the deduction in 1999, from $50 to $250, over four years. The amount of the deduction has been $250 since 2003.

AI Summary

This concurrent resolution proposes a constitutional amendment to gradually increase the property tax deduction for honorably discharged veterans and their surviving spouses from the current $250 to $2,500 over four years, with the deduction reaching $1,000 in 2025, $1,500 in 2026, $2,000 in 2027, and $2,500 in 2028 and subsequent years, a change that would require voter approval at the next general election.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 02/09/2026)
(2 Companion Bills)

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Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2026/SCR96
BillText https://pub.njleg.gov/Bills/2026/SCR/96_I1.HTM
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