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Bill > A2244

NJ A2244

NJ A2244
Permits veteran's property tax deduction for tax year when veteran was previously qualified to receive deduction and became owner of real property after October 1 of pretax year.

summary

Introduced
02/07/2022
In Committee
02/07/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill would allow a veteran who becomes the owner of the legal title to a parcel of real property after October 1 of the pretax year to be eligible to receive the veteran's property tax deduction on that parcel of real property for the tax year as long as the veteran was eligible to receive that property tax deduction on any other parcel of real property in the State prior to October 1 of the pretax year. Under current law, a veteran must be the owner of the legal title to the property as to which a veteran's property tax deduction is claimed on October 1 of the pretax year in order to be eligible to receive that property tax deduction for the tax year beginning the next January 1st. This bill would prevent a veteran from becoming ineligible for the veteran's property tax deduction if the veteran moved into a new home after October 1.

AI Summary

This bill would allow a veteran who becomes the owner of a parcel of real property after October 1 of the pretax year, but not after December 31 of the pretax year, to be eligible to receive the veteran's property tax deduction for that tax year, as long as the veteran was eligible to receive the deduction on any other property in the state prior to October 1 of the pretax year. This would prevent a veteran from becoming ineligible for the deduction if they move into a new home after October 1.

Committee Categories

Military Affairs and Security

Sponsors (1)

Last Action

Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 02/07/2022)
(1 Companion Bills)

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