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Bill > S131


NJ S131

NJ S131
Makes total property tax exemption for 100% disabled veterans retroactive to effective date of determination of total disability; requires State to reimburse municipalities for reimbursement of property taxes paid to veteran.


summary

Introduced
01/11/2022
In Committee
03/07/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill provides that the total property tax exemption extended to totally disabled veterans is to be retroactive to the effective date of the determination of the veteran's total disability by the United States Department of Veterans' Affairs. The bill also requires that the governing body of each municipality return all taxes collected on the veteran's property after the effective date of the determination of total disability by the United States Department of Veterans' Affairs, and requires the State to reimburse municipalities for the amount of such property taxes returned to a totally disabled veteran pursuant to the requirements of the bill.

AI Summary

This bill makes the total property tax exemption for 100% disabled veterans retroactive to the effective date of the determination of their total disability by the United States Department of Veterans' Affairs. The bill also requires the governing body of each municipality to return all taxes collected on the veteran's property after the effective date of the determination of total disability, and requires the State to reimburse municipalities for the amount of such property taxes returned to the totally disabled veteran.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (3)

Last Action

Referred to Senate Budget and Appropriations Committee (on 03/07/2022)

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