New Jersey Assembly Bill ACR38

New Jersey 2024-2025 Regular Session

• Introduced: 1/9/24
• Refer: 1/9/24

Caption

Proposes constitutional amendment permitting Gold Star families to receive veteran's property tax deduction.

Impact

If enacted, ACR38 would amend Article VIII, Section I of the New Jersey Constitution, thereby integrating the new provision concerning property tax deductions for Gold Star families. The proposed measure is anticipated to have a significant emotional and financial impact on these families, providing them with some financial relief amidst their loss. This extension of benefits underscores a broader commitment to supporting military families within the state's fiscal policies.

Summary

ACR38 is a proposed constitutional amendment that seeks to extend the veteran's property tax deduction to Gold Star families, which include the parents, siblings, children, legal guardians, or other legal custodians of armed service members who died while on active duty. The amendment proposes that these family members be eligible for the same property tax deduction that honorably discharged veterans currently receive, specifically a deduction amounting to $250 per year. This change aims to recognize and support the sacrifices made by the families of service members who have paid the ultimate price in service to the country.

Contention

While the bill has been framed as a recognition of the sacrifices made by military families, it may also face scrutiny regarding its financial implications for the state’s tax revenue. Furthermore, discussions around the bill might highlight debates on whether there are existing sufficient benefits for veterans and their families, and whether new amendments are necessary to improve their welfare as opposed to utilizing existing programs. This could lead to an analysis of the budgetary consequences and whether such a deduction is a tangible form of support or a symbolic gesture.