New Jersey Senate Bill SCR63

New Jersey 2024-2025 Regular Session

• Introduced: 1/9/24
• Refer: 1/9/24

Caption

Amends Constitution to require that State tax bills pass both Houses of Legislature by three-fifths majority vote.

Impact

If enacted, SCR63 would significantly alter the legislative landscape for taxation in New Jersey. The requirement for a three-fifths majority vote would create a higher threshold for tax-related legislation, which supporters argue would promote fiscal responsibility and prevent potential overreach in state taxation. This change could lead to fewer tax increases being approved and potentially influence the state's overall budget and services, especially if revenue generation becomes more contentious.

Summary

Senate Concurrent Resolution No. 63 (SCR63) aims to amend the New Jersey Constitution to necessitate a three-fifths majority vote in both houses of the legislature for the passage of any bill or resolution levying a new state tax or increasing an existing state tax. Currently, such bills can be passed with a simple majority, similar to other types of legislation. This proposed amendment reflects an effort to enforce stricter legislative procedures regarding tax legislation, potentially making it more challenging to impose new taxes or raise existing ones.

Contention

The introduction of SCR63 is likely to breed debate among lawmakers and the public. Supporters, particularly from the fiscal conservative segments, argue that it would protect taxpayers from unwarranted tax increases and ensure broader consensus for significant fiscal policies. Conversely, opponents might argue that such a requirement could hinder the government's ability to respond effectively to economic needs and maintain public services. This divide in opinion underscores the ongoing tension between fiscal conservatism and the necessity for adequate public funding through taxes.