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Bill > S1395
NJ S1395
NJ S1395Increases annual income limitation to receive senior and disabled citizens' property tax deduction to $15,000.
summary
Introduced
02/10/2022
02/10/2022
In Committee
02/10/2022
02/10/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 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 would also update the annual income limitations for the deduction, which have previously been set at $5,000 (prior to 1981), $8,000 (in 1981), $9,000 (in 1982), and $10,000 (from 1983 through 2022). The bill would take effect immediately but remain inoperative until the approval of a constitutional amendment authorizing the increase in the annual income limitation.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 02/10/2022)
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/S1395 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1500/1395_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1500/1395_I1.PDF |
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