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Bill > S1537
NJ S1537
NJ S1537Excludes veteran disability compensation from income qualification limits under homestead property tax reimbursement program.
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 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 allow more disabled veterans to qualify for the homestead property tax reimbursement program. The bill would exclude disability compensation paid by the U.S. Department of Veterans Affairs to a veteran from the calculation of that person's income for the purpose of determining eligibility for the homestead property tax reimbursement program. This program reimburses eligible senior citizens and disabled persons for property tax increases, with the reimbursement amount being the difference between the "base year" property taxes and the current year's property taxes, provided the current year's taxes are greater.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
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/S1537 |
| BillText | https://pub.njleg.gov/Bills/2022/S2000/1537_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S2000/1537_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S2000/1537_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S2000/1537_I1.PDF |
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