New Jersey ACR27 proposes a constitutional amendment to increase the annual veterans' property tax deduction from $250 to $1,000, effective in 2022.

New Jersey ACR27 proposes a constitutional amendment to increase the annual veterans' property tax deduction from $250 to $1,000, effective in 2022. The amendment also ties future deductions to annual Consumer Price Index increases, ensuring the deduction never decreases. The amendment will be submitted to the people at the next general election. The deduction will be adjusted annually based on the CPI, but will not decrease even if the CPI decreases.

New Jersey ACR27 proposes a constitutional amendment to increase the annual veterans' property tax deduction from $250 to $1,000, effective in 2022.

New Jersey ACR27 proposes a constitutional amendment to increase the annual veterans' property tax deduction from $250 to $1,000, effective in 2022. The amendment also ties future deductions to annual Consumer Price Index increases, ensuring the deduction never decreases. The amendment will be submitted to the people at the next general election. The deduction will be adjusted annually based on the CPI, but will not decrease even if the CPI decreases.