Proposes constitutional amendment to increase amount of annual veterans' property tax deduction from $250 to $1,250.

ACR 85 proposes a constitutional amendment to increase New Jersey's annual veterans' property tax deduction from $250 to $1,250, effective 2024. It directly affects honorably discharged veterans and their surviving spouses who reside in the state, allowing them to deduct the full $1,250 from property taxes (or cancel the tax if it's less than $1,250). The current $250 deduction has remained unchanged since 2003, and this amendment requires voter approval to take effect. If passed, it would be the first increase since 1999, when the deduction rose from $50 to $250.