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Bill > A465
NJ A465
NJ A465Increases annual income limit for eligibility to receive homestead property tax reimbursement.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill would increase the annual income limit for eligibility to receive a homestead property tax reimbursement. Under current law, the income limit is $80,000 or less for single persons or married couples. This bill would increase that income limit to $100,000 or less in 2017 and each year thereafter, to allow more senior citizens and disabled persons to qualify for this property tax relief program.
AI Summary
This bill would increase the annual income limit for eligibility to receive a homestead property tax reimbursement. Under the current law, the income limit is $80,000 or less for single persons or married couples. This bill would raise that income limit to $100,000 or less in 2017 and each year thereafter, allowing more senior citizens and disabled persons to qualify for this property tax relief program.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Introduced, Referred to Assembly Budget Committee (on 01/14/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/A465 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/A0500/465_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/A0500/465_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/A0500/465_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A0500/465_I1.PDF |
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