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Bill > A3370
NJ A3370
NJ A3370Increases annual property tax deduction for senior citizens and disabled persons from $250 to $500.
summary
Introduced
03/07/2022
03/07/2022
In Committee
03/07/2022
03/07/2022
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 by 2027 and each year thereafter. The amount of this deduction has not been increased since 1983. However, the provisions of the bill will not take effect until the approval by voters of a constitutional amendment authorizing the increased property tax deduction for this group.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 03/07/2022)
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/A3370 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A3500/3370_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A3500/3370_I1.PDF |
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