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Bill > S1641


NJ S1641

NJ S1641
Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability.


summary

Introduced
02/13/2020
In Committee
11/15/2021
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill revises the current veteran's total property tax exemption provided to totally disabled, honorably-discharged wartime veterans who received a 100% service-related disability during their wartime service in the United States Armed Forces. Under the current law, veterans who did not receive a 100% service-related disability, but who were partially disabled during their service, are not eligible to receive a proportional property tax exemption. The bill would allow all honorably-discharged wartime veterans who received a service-related permanent disability determination resulting from their wartime service in the United States Armed Forces, including those who received a 100% disability determination, to receive a property tax exemption in the proportional amount of their service-related disability, as declared by the United States Department of Veterans Affairs. A veteran who was determined by the United States Department of Veterans Affairs to have a 100% service-related disability would still receive a 100% property tax exemption under the statute. However, veterans who received a service-related, wartime permanent disability of less than 100%, as determined by the United States Department of Veterans Affairs would become eligible under the bill to receive a partial property tax exemption, the amount of which would be equal to the degree of their service-connected, wartime service permanent disability as determined by the United States Department of Veterans Affairs.

AI Summary

This bill revises the current law to allow all honorably-discharged wartime veterans who received a service-related permanent disability during their service in the U.S. Armed Forces to receive a proportional property tax exemption, based on the degree of their disability as determined by the U.S. Department of Veterans Affairs. Previously, only veterans with a 100% service-related disability were eligible for a full property tax exemption, but this bill extends the exemption to partially disabled veterans in proportion to their disability level.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (25)

Last Action

Referred to Senate Budget and Appropriations Committee (on 11/15/2021)

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