Proposes constitutional amendment permitting certain veterans and their surviving spouses to receive enhanced homestead rebate amounts similar to the homestead rebate amounts allowed for senior and disabled residents.

ACR 86 proposes a constitutional amendment to extend New Jersey's enhanced homestead property tax rebate - currently available to seniors (65+) and disabled residents - to honorably discharged veterans who served in wartime or emergencies and their unmarried surviving spouses. This would allow eligible veterans and surviving spouses to receive the same larger rebate (up to $500 annually, averaged at $410) that seniors/disabled residents currently get, instead of the existing $50 property tax deduction for veterans. The bill does not change current eligibility for the $50 deduction but would expand access to the higher rebate for veterans and surviving spouses who meet service criteria. The amendment requires voter approval at the next general election after legislative passage.