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Bill > A3663


NJ A3663

NJ A3663
Increases annual income limitation to receive senior and disabled citizens' property tax deduction to $15,000.


summary

Introduced
03/16/2020
In Committee
03/16/2020
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill would amend current law to increase the annual income threshold for eligibility to receive the senior and disabled persons $250 property tax deduction from $10,000 to $15,000, once that increase is authorized by constitutional amendment.

AI Summary

This bill would amend current law to increase the annual income threshold for eligibility to receive the senior and disabled persons $250 property tax deduction from $10,000 to $15,000, once that increase is authorized by a constitutional amendment. The bill specifies that the new $15,000 annual income limit would apply starting in 2021 and each year thereafter.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Introduced, Referred to Assembly Commerce and Economic Development Committee (on 03/16/2020)

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