Bill
Bill > A2451
NJ A2451
NJ A2451Permits veteran's property tax deduction for tax year when veteran was previously qualified to receive deduction and became owner of real property after October 1 of pretax year.
summary
Introduced
02/03/2020
02/03/2020
In Committee
02/03/2020
02/03/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill would allow a veteran who becomes the owner of the legal title to a parcel of real property after October 1 of the pretax year to be eligible to receive the veteran's property tax deduction on that parcel of real property for the tax year as long as the veteran was eligible to receive that property tax deduction on any other parcel of real property in the State prior to October 1 of the pretax year. Under current law, a veteran must be the owner of the legal title to the property as to which a veteran's property tax deduction is claimed on October 1 of the pretax year in order to be eligible to receive that property tax deduction for the tax year beginning the next January 1st. This bill would prevent a veteran from becoming ineligible for the veteran's property tax deduction if the veteran moved into a new home after October 1.
AI Summary
This bill would allow a veteran who becomes the owner of the legal title to a parcel of real property after October 1 of the pretax year to be eligible to receive the veteran's property tax deduction on that parcel for the tax year, as long as the veteran was eligible to receive the deduction on any other property in the state prior to October 1 of the pretax year. Under current law, a veteran must be the owner of the legal title to the property as of October 1 of the pretax year in order to be eligible for the deduction for the following tax year. This bill would prevent a veteran from becoming ineligible for the deduction if they move into a new home after October 1.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 02/03/2020)
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/A2451 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/A2500/2451_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/A2500/2451_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/A2500/2451_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A2500/2451_I1.PDF |
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