New Jersey Assembly Bill ACR92

New Jersey 2022-2023 Regular Session

• Introduced: 2/7/22
• Refer: 2/7/22

Caption

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

Impact

The approval of ACR92 would potentially alter how property tax deductions are applied within the state, specifically benefiting the surviving spouses of veterans. Currently, there may be limitations on property tax benefits for spouses of veterans who were nonresidents at the time of death. This amendment strives to create greater parity in benefits afforded to military families, particularly acknowledging their sacrifices and providing them with a marginal tax relief irrespective of the veteran's residency status at the time of death.

Summary

ACR92, introduced in the New Jersey Legislature, proposes a constitutional amendment allowing the Legislature to extend property tax deductions to the surviving spouses of nonresident veterans under specific conditions. The bill aims to amend Article VIII, Section I, paragraph 3 of the New Jersey Constitution to enable this extension. Specifically, it suggests that surviving spouses of veterans who are honorably discharged and may not have been residents at the time of their death can still receive a yearly deduction worth $250, provided certain residency criteria are met for the deceased veteran.

Contention

Discussions surrounding ACR92 may include differing views on eligibility and the financial implications of extending tax benefits to nonresident veterans' spouses. Some lawmakers may argue that the amendment facilitates necessary support for veterans' families and acknowledges their service. Conversely, there could be concerns about the impact on state revenues, as expanding tax benefits may lead to increased fiscal pressure if passed. The debate may also touch on issues of fairness toward all veterans and their families.