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

SCR 99 proposes a constitutional amendment to increase New Jersey's annual property tax deduction for veterans from $250 to $1,250. This change would directly affect honorably discharged veterans and their surviving spouses who are New Jersey residents, applying to property tax bills starting in 2024. The amendment specifies that if a veteran's tax bill is less than $1,250, the tax would be fully canceled. It maintains existing provisions for service-connected disabilities and surviving spouses, and clarifies how deductions apply to veterans living in continuing care retirement communities. The bill must be approved by the legislature and ratified by voters to become law.