Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.

ACR123

ASSEMBLY CONCURRENT RESOLUTION No. 123

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED FEBRUARY 19, 2026

Sponsored by:

Assemblyman� LOUIS D. GREENWALD

District 6 (Burlington and Camden)

SYNOPSIS

���� Proposes temporary constitutional amendment allowing
State constitutional convention convened to reform system of property taxation
to propose statutory changes.

CURRENT VERSION OF TEXT

���� As introduced.

��

A
Concurrent Resolution
proposing to amend Article IV, Section I of the
Constitution of the State of New Jersey.

����
Be It Resolved

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

���� 1.��� The following proposed
amendment to the Constitution of the State of New Jersey is hereby agreed to:

PROPOSED
AMENDMENT

���� Amend Article IV, Section I by
adding a new paragraph 1A as follows:

����
1A.���
A constitutional convention for the limited purpose of
reforming the system of property taxation in this State that is convened
through voter approval at the general election held in November 2026, of a law
authorizing such a convention shall have the authority to propose for voter
approval at the general election held in November 2027, in addition to
constitutional amendments, the amendment or repeal of existing statutes, or the
enactment of new statutes, which are within the scope of the convention's mandate,
by a date prescribed in that law and in the form of one or more public
questions, provided that this amendment is approved by the voters not later
than the general election at which the proposal prepared by the convention is
submitted to the voters.� Any such changes to the statutory law approved by the
voters may thereafter be amended or repealed by the Legislature by law.

���� 2.��� When this proposed
amendment to the Constitution is finally agreed to pursuant to Article IX,
paragraph 1 of the Constitution, it shall be submitted to the people at the
next general election occurring more than three months after the final
agreement and shall be published at least once in at least one newspaper of
each county designated by the President of the Senate, the Speaker of the
General Assembly and the Secretary of State, not less than three months prior
to the general election.

���� 3.��� This proposed amendment
to the Constitution shall be submitted to the people at that election in the
following manner and form:

���� There shall be printed on each
official ballot to be used at the general election, the following:

���� a.���� In every municipality
in which voting machines are not used, a legend which shall immediately precede
the question, as follows:

���� If you favor the proposition
printed below make a cross (X), plus

(+), or check (
T
) in the square opposite the
word "Yes."� If you are opposed thereto make a cross (X), plus (+) or
check (
T
) in the square
opposite the word "No."

���� b.��� In every municipality
the following question:

CONSTITUTIONAL
AMENDMENT PROVIDING THAT THE STATE CONSTITUTIONAL CONVENTION TO REFORM THE
SYSTEM OF PROPERTY TAXATION, CONVENED PURSUANT TO A SEPARATE BALLOT QUESTION,
MAY PROPOSE CHANGES TO THE STATUTES

YES

���� Do you approve amending the Constitution to allow a
State constitutional convention established to address property taxes to also
propose changes to laws related to property taxes?

���� This will be allowed if this proposed
amendment is approved before the general election at which the proposed
changes prepared by the convention are submitted to the voters for approval.

INTERPRETIVE
STATEMENT

NO

���� This constitutional amendment will allow a State
constitutional convention established to address property taxes to also
propose changes to laws that are related to property taxes.

���� If this constitutional amendment
is not approved, the convention will only be able to propose constitutional
amendments for voter approval. �The convention will not be able to propose changes
to laws that may be needed to help implement those amendments.

���� The State constitutional
convention will first need to be approved by the voters by a separate ballot
question.

SCHEDULE

���� This constitutional amendment
shall become part of the New Jersey Constitution upon approval by the voters
and shall expire three years thereafter.

STATEMENT

���� This concurrent resolution
proposes a temporary amendment to the New Jersey Constitution which would allow
the property tax reform constitutional convention (to be convened pursuant to a
separate ballot question) to propose revisions to the statutes which are within
the scope of the convention's mandate.� Without this amendment, the convention
would only be able to submit proposed constitutional amendments for voter
approval, but not proposed statutory changes that may be needed to help
implement those amendments.� This amendment would become part of the New Jersey
Constitution upon approval by the voters and would expire one year after its
approval by the voters.� Statutory changes proposed by the convention will take
effect upon voter approval if this temporary constitutional amendment
authorizing the convention to propose such changes receives voter approval not
later than the general election at which the proposal prepared by the
convention is submitted to the voters.