The proposed resolution seeks to amend the New Jersey Constitution to increase the annual income limit for senior and disabled citizens eligible for a property tax deduction. Currently, the income limit is set at $10,000, a figure that has remained unchanged since 1983. The amendment would raise this limit to $15,000 starting in 2023, allowing more seniors and disabled individuals to qualify for the property tax deduction. To be eligible, seniors must be at least 65 years old, while disabled individuals do not have an age requirement but must meet the income criteria.

The resolution outlines the process for submitting this proposed amendment to the public for a vote during the next general election, ensuring that it is widely publicized in local newspapers beforehand. The amendment aims to provide financial relief to senior and disabled residents by allowing them to benefit from a property tax deduction that has not kept pace with inflation and changing economic conditions over the past several decades.