Authorizes a State constitutional convention to reform New Jersey's property taxation system.

This bill authorizes a State constitutional convention to reform New Jersey's property taxation system. The convention will propose amendments to the State Constitution and changes to the statutes, aiming to eliminate inequities, ensure uniformity, reduce property taxes, and provide alternative funding for local government services. The convention is strictly limited to tax reform issues and cannot consider other matters. Delegates to the convention will be elected and appointed, and the convention will convene in May 2013, completing its work by August 2013.

Authorizes a State constitutional convention to reform New Jersey's property taxation system.

This bill authorizes a State constitutional convention to reform New Jersey's property taxation system. The convention will propose amendments to the State Constitution and changes to the statutes, aiming to eliminate inequities, ensure uniformity, reduce property taxes, and provide alternative funding for local government services. The convention is strictly limited to tax reform issues and cannot consider other matters. Delegates to the convention will be elected and appointed, and the convention will convene in May 2013, completing its work by August 2013.