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ACR121 • 2026

Provides for special session of Legislature to consider property tax relief and reform.

Provides for special session of Legislature to consider property tax relief and reform.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Fantasia, Dawn
Last action
2026-02-19
Official status
Introduced, Referred to Assembly State and Local Government Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Provides for special session of Legislature to consider property tax relief and reform.

Provides for special session of Legislature to consider property tax relief and reform.

What This Bill Does

  • Provides for special session of Legislature to consider property tax relief and reform.
  • Topic: State and Local Government Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-02-19 New Jersey Legislature

    Introduced, Referred to Assembly State and Local Government Committee

Official Summary Text

Provides for special session of Legislature to consider property tax relief and reform.
Topic:
State and Local Government
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
ACR121

ASSEMBLY CONCURRENT RESOLUTION No. 121

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED FEBRUARY 19, 2026

Sponsored by:

Assemblywoman� DAWN FANTASIA

District 24 (Morris, Sussex and Warren)

Assemblyman� MICHAEL INGANAMORT

District 24 (Morris, Sussex and Warren)

Co-Sponsored by:

Assemblymen Sauickie, Barlas, Bergen, Myhre, Peterson,
Scharfenberger, Rumpf, Azzariti Jr., Simonsen, McClellan, S.Kean, Assemblywoman
Dunn, Assemblymen DiMaio, Clifton, Assemblywoman Flynn and Assemblyman McGuckin

SYNOPSIS

���� Provides for special session of Legislature to
consider property tax relief and reform.

CURRENT VERSION OF TEXT

���� As introduced.

��

A
Concurrent Resolution
providing for the convening of a special session
of the Legislature to address property tax relief and reform in this State.

Whereas,
New Jersey's property
taxes, which support county and municipal governments and the public schools,
are among the highest in the nation; and

Whereas,
The current system of
property taxation has placed an enormous burden on the residents of this State;
and

Whereas,
This State�s high property
taxes result from the inequitable and nonuniform application of school funding;
and

Whereas,
There is a dire need to
reform property taxes which are stifling the State's economy, making home
ownership impossible for many, and disproportionately burdening the elderly,
the young, and low income families; and

Whereas,
Remedying the problems
associated with high property taxes is a legislative responsibility; and

Whereas,
There is a need for the
Legislature to convene in a special session dedicated solely to addressing
property tax relief and reform in this State; now, therefore,

����
Be It Resolved

by the General Assembly of the State
of New Jersey (the Senate concurring):

���� 1.��� The presiding officer of
each House of the Legislature shall convene a special session of that house,
within seven days of final passage of this concurrent resolution, which shall
be devoted solely to consideration of the issue of property tax relief and
reform in this State and which shall devise and consider ways of implementing
that relief and reform.� The presiding officer and the minority leader of each
house shall each present bills to be considered by that house at the special
session and each such bill shall be voted on by the members of that house.

STATEMENT

���� This concurrent resolution
provides for the convening of a special session of the Legislature for the
purpose of considering property tax relief and reform.