Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.
The framework established by ACR89 would allow the constitutional convention, once convened, to not only suggest broad amendments to the existing property tax system but also to craft specific statutory changes that could facilitate these reforms. If approved by the voters, these changes would have the potential to impact how property taxes are assessed and collected, promoting a more equitable taxation system based on the convention's proposals. Furthermore, such measures would aim to address existing inefficiencies and inequities within New Jersey's property tax framework.
ACR89 is a proposed Assembly Concurrent Resolution aimed at reforming property taxation in New Jersey. The resolution seeks to establish a temporary constitutional amendment that would authorize a state constitutional convention to propose both constitutional amendments and statutory changes related to property taxation. This amendment would require voter approval to enact any proposed changes, emphasizing the importance of democratic engagement in altering state law regarding taxation.
While ACR89 presents an opportunity for significant tax reform, it also raises concerns among various stakeholders. Critics argue that granting a constitutional convention extensive powers to propose statutory changes may lead to unintended consequences, potentially undermining established legal norms or creating loopholes. Supporters, conversely, champion the bill as a necessary step towards making property taxation fairer and more responsive to constituents' needs. The ensuing debate is expected to focus on balancing innovative reform with safeguarding existing protections in the law.