New Jersey Assembly Bill ACR65

New Jersey 2022-2023 Regular Session

• Introduced: 1/11/22
• Refer: 1/11/22

Caption

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

Impact

The implementation of ACR65, if approved, would expand the scope of powers granted to a constitutional convention specifically convened for the purpose of addressing property taxation reform. Traditionally, such conventions are limited to proposing constitutional amendments. ACR65 alters this by empowering the convention to recommend changes in statutory laws as well, which could directly influence how property taxes are assessed and collected, thus potentially altering the financial landscape for property owners in New Jersey.

Summary

ACR65 is a concurrent resolution from the New Jersey legislature proposing a temporary amendment to the state constitution. This amendment allows a constitutional convention, aimed at reforming the property taxation system, to not only suggest constitutional amendments but also propose changes to existing statutes or new statutes related to property tax. The resolution emphasizes that any alterations to statutory laws proposed by the convention would become effective following voter approval, streamlining the reform process.

Contention

There may be several points of contention associated with ACR65. Stakeholders might debate the long-term implications of allowing a constitutional convention to propose statutory changes, fearing that it could lead to significant shifts in established laws without comprehensive legislative scrutiny. Critics may argue that this could circumvent standard legislative processes, raising concerns about transparency and accountability within the reform process. There have also been apprehensions regarding the potential for unintended consequences with regard to the state's overall taxation policy.