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Bill > S1584
NJ S1584
NJ S1584Increases annual property tax deduction for senior citizens and disabled persons from $250 to $500.
summary
Introduced
02/14/2022
02/14/2022
In Committee
02/14/2022
02/14/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill would increase the amount of the annual property tax deduction provided to eligible senior citizens and disabled persons from the current $250 to $300.00 in tax year 2023, $350.00 in tax year 2024, $400.00 in tax year 2025, $450.00 in tax year 2026, and $500.00 in tax year 2027 and in each tax year thereafter. The amount of this annual property tax deduction has not been increased since 1983. The provisions of the bill will remain inoperative until the approval by the voters of the State of a constitutional amendment authorizing this increased property tax deduction for senior citizens and disabled persons.
AI Summary
This bill would gradually increase the annual property tax deduction for eligible senior citizens and disabled persons from the current $250 to $500 over the next several years, starting at $300 in 2023 and reaching $500 in 2027 and each year thereafter. The amount of this deduction has not been increased since 1983. However, the provisions of the bill will remain inoperative until the approval by the voters of the State of a constitutional amendment authorizing this increased property tax deduction for senior citizens and disabled persons.
Committee Categories
Housing and Urban Affairs
Sponsors (4)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 02/14/2022)
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/S1584 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S2000/1584_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S2000/1584_I1.PDF |
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