ACR 36 New Jersey General Assembly · 2024-2025 Regular Session

Proposes constitutional amendment to increase to $500 veterans' property tax deduction.

ACR 36 proposes a constitutional amendment to increase New Jersey's veterans' property tax deduction from $250 to $500 annually, phased in over five years (reaching $500 by 2027). It directly affects honorably discharged veterans and surviving spouses who meet residency requirements. The amendment would adjust the deduction amount incrementally: $300 in 2023, $350 in 2024, $400 in 2025, $450 in 2026, and $500 starting in 2027. This change would replace the current $250 deduction, which has not been raised since 1999. The proposal requires voter approval via referendum after legislative passage.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Military and Veterans' Affairs Committee
lower
3 primary · 5 co-sponsors

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