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Bill > S2285


NJ S2285

NJ S2285
Allows property tax rebate for disabled veterans.


summary

Introduced
03/14/2022
In Committee
03/21/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill allows veterans with a service-connected disability to receive a property tax rebate from the State in proportion to the percentage of their service-connected disability. The bill provides property tax relief to veterans who have a disability rating of less than 100 percent total and permanent disability. Veterans who have a disability rating of 100 percent total and permanent disability are already exempt from paying property taxes. Veterans with a service-connected disability are assigned a disability rating from the United States Department of Veterans' Affairs. A disability rating may range from 0 percent to 100 percent. That rating will determine the percentage of property taxes paid that the veteran will be allowed as a rebate under this bill. Funding for the rebate allowed by this bill is dependent on annual appropriations by the Legislature. The bill caps the rebate at $5,000 and limits availability of the rebate to veterans with gross income of up to $200,000.

AI Summary

This bill allows veterans with a service-connected disability to receive a property tax rebate from the State in proportion to the percentage of their service-connected disability. The rebate is capped at $5,000 and is only available to veterans with a gross income up to $200,000. The rebate can be applied to property taxes paid on the veteran's principal residence, including a dwelling house, condominium, cooperative, or unit of residential rental property. The bill requires veterans to apply annually for the rebate, and it provides a process for the State to withhold the rebate if the veteran has delinquent property taxes.

Committee Categories

Budget and Finance, Military Affairs and Security

Sponsors (18)

Last Action

Referred to Senate Budget and Appropriations Committee (on 03/21/2022)

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