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

ACR 58 proposes a constitutional amendment to increase New Jersey's veterans' property tax deduction from $250 to $2,500 over four years. It would raise the annual deduction to $1,000 in 2024, $1,500 in 2025, $2,000 in 2026, and $2,500 starting in 2027, with the amount remaining at $2,500 annually thereafter. This change directly affects honorably discharged veterans and their surviving spouses, who qualify for the deduction on real and personal property taxes. The amendment requires voter approval after legislative passage to take effect.