ACR 106 New Jersey General Assembly · 2024-2025 Regular Session

Proposes constitutional amendment eliminating cap on certain benefits to qualify for senior and disabled citizens' $250 property tax deduction.

ACR 106 proposes a constitutional amendment to remove the cap on certain retirement and disability benefits when calculating eligibility for New Jersey’s $250 property tax deduction for seniors (65+) and disabled residents. Currently, only benefits up to the maximum Social Security amount are excluded from the $10,000 annual income limit for qualifying this deduction. The amendment would allow all qualifying federal or state retirement/disability benefits to be fully excluded from the income calculation, enabling more seniors and disabled residents to qualify if their total income remains under $10,000. This change directly affects low-income seniors and disabled residents who rely on government benefits for housing affordability.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 29, 2024 Last action Jan 29, 2024
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Jan 29, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Aging and Human Services Committee
lower
1 primary · 2 co-sponsors

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