Bill

Bill > A4281


NJ A4281

NJ A4281
Excludes veteran disability compensation from income qualification limits under homestead property tax reimbursement program.


summary

Introduced
06/18/2020
In Committee
06/18/2020
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill would allow more disabled veterans to qualify for the homestead property tax reimbursement program. The homestead property tax reimbursement program reimburses eligible senior citizens and disabled persons for property tax increases. The amount of the reimbursement is the difference between the amount of property taxes that were due and paid for the "base year" (the first year that an individual meets all the eligibility requirements) and the amount due and paid for the year that the individual is applying for the reimbursement, provided the amount paid for the current year is greater. The bill would exclude disability compensation paid by the United States Department of Veterans Affairs to a veteran from the calculation of that person's income for the purpose of determining whether the person is eligible to participate in the homestead property tax reimbursement program.

AI Summary

This bill would exclude veteran disability compensation paid by the United States Department of Veterans Affairs from the calculation of an individual's income for the purpose of determining eligibility for the homestead property tax reimbursement program. This program provides reimbursements to eligible senior citizens and disabled persons for increases in property taxes. By excluding veteran disability compensation from the income calculation, more disabled veterans would qualify for the reimbursement program.

Committee Categories

Military Affairs and Security

Sponsors (8)

Last Action

Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 06/18/2020)

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