Proposes constitutional amendment authorizing municipalities, by ordinance, to provide partial property tax exemption on primary residence of certain volunteer first responders.
Impact
The implications of SCR134, if enacted, would directly affect local property tax laws within the state. Municipalities would gain the authority to determine the specific percentage of the exemption, which must not exceed ten percent of the home's assessed value. This empowers local governing bodies to recognize and support the contributions of volunteer first responders by potentially alleviating some of their financial burdens associated with property taxes. However, it is notable that the state government will not provide reimbursement for any lost tax revenue incurred by municipalities due to this exemption.
Summary
Senate Concurrent Resolution No. 134 (SCR134) proposes a constitutional amendment to allow municipalities in New Jersey to provide a partial property tax exemption for certain volunteer first responders. The amendment specifically targets active members of volunteer fire departments and first aid or ambulance squads. If approved, it would enable these municipalities to exempt up to ten percent of the assessed value of their primary residences from property taxes, thus providing financial relief to those who serve their communities in critical roles.
Contention
While the proposed amendment aims to reward volunteer service, there may be concerns regarding the fiscal impact on municipal budgets. Some stakeholders might argue that without state compensation, municipalities could face challenges in maintaining essential services should significant portions of their tax revenue be exempted. The decision-making power granted to municipalities also means that some might choose to adopt the exemption while others may not, leading to disparities in how communities support their first responders.
Same As
Proposes constitutional amendment authorizing municipalities, by ordinance, to provide partial property tax exemption on primary residence of certain volunteer first responders.
Proposes constitutional amendment authorizing municipalities, by ordinance, to provide partial property tax exemption on primary residence of certain volunteer first responders.
Proposes constitutional amendment authorizing municipalities, by ordinance, to provide partial property tax exemption on primary residence of certain volunteer first responders.
Proposes constitutional amendment authorizing municipalities to provide partial property tax exemption of up to 15 percent of assessed value for primary residence of certain volunteer first responders.
Proposes constitutional amendment authorizing municipalities to provide partial property tax exemption of up to 15 percent of assessed value for primary residence of certain volunteer first responders.
Proposes constitutional amendment authorizing municipalities to provide partial property tax exemption to certain first responders disabled as result of World Trade Center recovery medical condition.
Proposes constitutional amendment authorizing municipalities to provide partial property tax exemption to certain first responders disabled as result of World Trade Center recovery medical condition.
Proposes constitutional amendment to provide property tax exemption for primary residence owned and occupied by surviving spouse of first responder who dies in line of duty.
Proposes constitutional amendment to provide property tax exemption for primary residence owned and occupied by surviving spouse of first responder who dies in line of duty.
Proposes constitutional amendment requiring Legislature to enact statute authorizing $200 property tax credit for primary residence of volunteer firefighter or first aid squad member.
Proposes constitutional amendment to provide property tax exemption for primary residence owned and occupied by surviving spouse of first responder who dies while performing regular or assigned duties.
Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.
Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.
(Constitutional Amendment) Provides for the election of constitutional convention delegates and vote requirements necessary for the adoption of a new constitution (RR SEE FISC NOTE GF EX)
(Constitutional Amendment) Modifies disposition of certain state revenues through repeal of the Revenue Stabilization Trust Fund and deposits of certain revenue streams into the Budget Stabilization Fund (RRF INCREASE GF RV See Note)
(Constitutional Amendment) Provides relative to the application of state monies to the unfunded accrued liability of the Teachers' Retirement System of La. (EN DECREASE SD RV See Note)
Proposing An Amendment To Article Xvii, Section 3 Of The Hawaii Constitution To Specify That The Standard For Voter Approval Of A Constitutional Amendment Proposed By The Legislature Is A Majority Of All The Votes Tallied Upon The Question.