New Jersey 2022-2023 Regular Session

New Jersey Assembly Bill ACR187

Introduced
11/30/23  

Caption

Proposes constitutional amendment to allow veterans, senior citizens, and persons with disabilities who make payments in lieu of property taxes to receive certain property tax benefits.

Impact

If approved, ACR187 would directly amend Article VIII, Section I of the New Jersey Constitution to authorize property tax deductions that have previously been limited to individuals paying traditional property taxes. This change is significant, as it seeks to enhance the financial relief available to a vulnerable demographic by significantly widening the eligibility criteria for property tax benefits.

Summary

ACR187 proposes an amendment to the New Jersey Constitution aimed at allowing veterans, senior citizens, and persons with disabilities to receive property tax benefits even when making payments in lieu of property taxes. These payments are typically made under financial agreements related to construction projects, instead of traditional property taxes. Specifically, the bill seeks to provide a $250 deduction for eligible veterans and senior citizens from these payments.

Contention

While the bill aims to support veterans and senior citizens, there may be concerns regarding its fiscal implications - particularly whether such tax deductions could strain local budgets and financial agreements established in developmental projects. Moreover, discussions may arise about whether this amendment could set a precedent for further alterations of property tax provisions, which might lead to debate around taxpayer equity and the distribution of financial benefits.

Companion Bills

No companion bills found.

Previously Filed As

NJ ACR59

Proposes constitutional amendment to allow veterans, senior citizens, and persons with disabilities who make payments in lieu of property taxes to receive certain property tax benefits.

NJ A5760

Extends eligibility for property tax benefits to veterans, 100 percent service-disabled veterans, and senior citizens and persons with disabilities who pay payments in lieu of property taxes.

NJ A1246

Extends eligibility for property tax benefits to veterans, 100 percent service-disabled veterans, and senior citizens and persons with disabilities who pay payments in lieu of property taxes.

NJ ACR93

Proposes constitutional amendment to increase amounts of property tax deductions granted to senior citizens, persons with disabilities, and veterans.

NJ ACR139

Proposes constitutional amendment to increase amounts of property tax deductions granted to senior citizens, persons with disabilities, and veterans.

NJ SCR109

Proposes constitutional amendment to increase amounts of property tax deductions granted to senior citizens, persons with disabilities, and veterans.

NJ ACR92

Proposes constitutional amendment to permit Legislature to extend eligibility to receive veterans' property tax deduction to surviving spouse of nonresident veteran in certain circumstances.

NJ ACR36

Proposes constitutional amendment to increase to $500 veterans' property tax deduction.

NJ ACR31

Proposes constitutional amendment to increase veterans' property tax deduction to $1,000, and base future deductions on annual CPI increases.

NJ ACR32

Proposes constitutional amendment to provide that disabled veterans may have served at any time in order to receive benefits provided by Constitution or by law.

Similar Bills

NJ ACR59

Proposes constitutional amendment to allow veterans, senior citizens, and persons with disabilities who make payments in lieu of property taxes to receive certain property tax benefits.

NJ ACR157

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

NJ SCR128

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

NJ ACR129

Proposes constitutional amendment to permit Legislature to extend eligibility to receive veterans' property tax deduction to surviving spouse of nonresident veteran in certain circumstances.

NJ ACR92

Proposes constitutional amendment to permit Legislature to extend eligibility to receive veterans' property tax deduction to surviving spouse of nonresident veteran in certain circumstances.

NJ SCR90

Proposes constitutional amendment to permit Legislature to extend eligibility to receive veterans' property tax deduction to surviving spouse of nonresident veteran in certain circumstances.

NJ SCR81

Proposes constitutional amendment to increase amount of veterans' property tax deduction from $250 to $2,500 over four years.

NJ ACR77

Proposes constitutional amendment to increase to $500 veterans' property tax deduction.