Proposes constitutional amendment to grant certain senior citizens property tax credit equal to 50 percent of property tax bill on primary residence.

ACR 34 proposes a constitutional amendment to create a property tax credit for New Jersey seniors. It would provide a 50% credit on primary residence property taxes, capped at $10,000 annually, for residents aged 65 or older who own their homes. The credit has no income restrictions, and the state would pay municipalities directly to cover the credit amount. Surviving spouses of eligible seniors who received the credit may continue to qualify under specific conditions, such as remaining in the same home and not remarrying. This amendment requires voter approval before the Legislature would implement the "Stay NJ" program.