Proposed constitutional amendment to set a five-year expiration on State tax laws unless extended by the Legislature.

This bill proposes a constitutional amendment to New Jersey's Constitution, setting a five-year expiration on any law that imposes a State tax or delays the repeal or expiration of a State tax. The Legislature may extend the law for an additional five years, but not earlier than four years from the effective date of the law or the amendment. This amendment aims to ensure that State tax laws are periodically reviewed and potentially sunset unless the Legislature decides to extend them.

Proposed constitutional amendment to set a five-year expiration on State tax laws unless extended by the Legislature.

This bill proposes a constitutional amendment to New Jersey's Constitution, setting a five-year expiration on any law that imposes a State tax or delays the repeal or expiration of a State tax. The Legislature may extend the law for an additional five years, but not earlier than four years from the effective date of the law or the amendment. This amendment aims to ensure that State tax laws are periodically reviewed and potentially sunset unless the Legislature decides to extend them.