The proposed resolution seeks to amend the New Jersey Constitution to establish a 50 percent property tax exemption for the primary residences of police officers and firefighters who sustain line-of-duty injuries qualifying them for an accidental disability pension. The exemption would be capped at $6,500 in the first year it takes effect, with annual adjustments based on the Consumer Price Index. Additionally, individuals with an income exceeding $500,000 from the previous tax year would not be eligible for this exemption, aligning with existing income thresholds in other property tax relief programs.

To ensure municipalities are not financially burdened by this exemption, the resolution mandates that the state will reimburse them for the total amount of property taxes that would have been collected on the exempt properties. This reimbursement will also extend to counties, school districts, and other local entities that levy property taxes. The resolution outlines the process for submitting the proposed amendment to voters in the next general election, ensuring public awareness and participation in the decision-making process.