The proposed resolution seeks to amend the New Jersey Constitution to extend property tax benefits to veterans, senior citizens, and individuals with disabilities who make payments in lieu of property taxes. Specifically, it proposes that honorably discharged veterans would receive a $250 deduction from their tax bills or payments in lieu of taxes, with additional benefits for those with service-connected disabilities. The resolution also includes provisions for the surviving spouses of veterans, allowing them to receive similar deductions during their widowhood, as long as they remain residents of the state.

Furthermore, the amendment outlines that continuing care retirement communities can receive property tax deductions on behalf of eligible veterans, which would be passed on to the residents. The resolution stipulates that these deductions would not be applicable to veterans residing in tax-exempt communities and emphasizes that individuals receiving these benefits cannot claim them on multiple residences. If approved by voters, this amendment would allow for a more equitable distribution of property tax benefits to those who are often financially burdened, thereby enhancing support for veterans, seniors, and disabled individuals in New Jersey.