Proposed constitutional amendment to increase veterans' property tax deduction to $500 over five years.
This bill proposes a constitutional amendment to increase the annual property tax deduction for veterans in New Jersey from $250 to $500 over five years. The deduction will incrementally rise to $300 in 2027, $350 in 2028, $400 in 2029, $450 in 2030, and $500 in 2031. The amendment will be submitted to voters at the next general election. If approved, the deduction will not be altered or repealed.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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