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Bill > S709
NJ S709
NJ S709Exempts certain surviving spouses and surviving civil union partners of certain disabled veterans from components of the realty transfer fee.
summary
Introduced
01/14/2020
01/14/2020
In Committee
08/20/2020
08/20/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill exempts the surviving spouses and surviving civil union partners of certain veterans from components of the realty transfer fee: veterans who were completely disabled in active service in time of war. These spouses and partners have particularly felt the repercussions of their partners'military service to our country. The realty transfer fee is actually four fees, the "basic fee," the "additional fee," the "supplemental fee," and the "general purpose fee," each one with its own graduated rate schedule, imposed on the sellers of real property. Under current law, senior citizens and persons with disabilities who sell their one- or two-family residential home are exempted from the basic fee and the supplemental fee. This exemption is not available to the surviving spouse of a senior citizen or the surviving spouse of a person with a disability unless the surviving spouse is himself a senior citizen or a person with a disability. This bill allows the preferred realty transfer fee rates to the sale of any one- or two-family home of the surviving spouse or surviving partner of a disabled veteran who, at the time of the disabled veteran's death, qualified for the property tax exemption for the residential premises allowed to veterans who were 100 percent disabled in active service in time of war if the sale is made by the survivor during the survivor's widowhood or widowerhood. These surviving spouses and partners have endured the anxiety of separation experienced by all those who have had a loved one sent into active military service, and then shared the sacrifice of the veterans who have bought the destruction of war home with them.
AI Summary
This bill exempts the surviving spouses and surviving civil union partners of certain disabled veterans from components of the realty transfer fee. Specifically, it allows the preferred realty transfer fee rates to be applied to the sale of any one- or two-family home owned and occupied by the surviving spouse or surviving civil union partner of a veteran who was 100% disabled from active service during wartime, if the sale is made by the survivor during their widowhood or widowerhood. This exemption is intended to provide relief to these spouses and partners who have endured the anxiety and sacrifice of their loved one's military service.
Committee Categories
Budget and Finance, Military Affairs and Security
Sponsors (2)
Last Action
Referred to Senate Budget and Appropriations Committee (on 08/20/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/S1000/709_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/S1000/709_I1.PDF |
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