Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.

ACR 123 proposes a temporary constitutional amendment (valid for three years) that would allow a New Jersey constitutional convention focused on property tax reform to also propose changes to state laws related to property taxes. This convention would be convened only if voters approve it separately in the November 2026 general election. If approved by voters, the convention could submit both constitutional amendments and statutory changes (like new or revised state laws) for voter approval in November 2027. This amendment would expire three years after voter approval, and any statutory changes proposed by the convention would require separate voter approval.