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Bill > A736
NJ A736
NJ A736Requires State reimbursement to municipalities of cost of disabled veterans' total property tax exemption.
summary
Introduced
01/11/2022
01/11/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill would require the State to annually reimburse each municipality in an amount equal to 102 percent of the amount of any disabled veterans' total property tax exemptions permitted by that taxing district in the current tax year pursuant to section 1 of P.L.1948, c.259 (C.54:4-3.30). It is the intent of the sponsor that the 102% reimbursement shall cover the cost of the actual taxes exempted plus any administrative costs that may be incurred by the municipalities due to the enactment of the bill.
AI Summary
This bill requires the State of New Jersey to annually reimburse each municipality 102% of the amount of disabled veterans' total property tax exemptions permitted in that taxing district. The bill provides a process for tax assessors and county tax boards to certify the number and total amount of these exemptions to the Director of the Division of Taxation, who can then inspect relevant records and adopt regulations to implement the reimbursement program. The intent is to cover the full cost of the property tax exemptions for disabled veterans, including any administrative costs incurred by municipalities.
Committee Categories
Military Affairs and Security
Sponsors (9)
DiAnne Gove (R)*,
Brian Rumpf (R)*,
John Catalano (R),
Robert Clifton (R),
DeAnne DeFuccio (R),
Aura Dunn (R),
Greg McGuckin (R),
Parker Space (R),
Harold Wirths (R),
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/11/2022)
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/2022/A736 |
| BillText | https://pub.njleg.gov/Bills/2022/A1000/736_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A1000/736_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A1000/736_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A1000/736_I1.PDF |
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