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Bill > S2592


NJ S2592

NJ S2592
Increases amounts of property tax deductions for senior citizens and persons with disabilities, and veterans, from $250 to $500.


summary

Introduced
05/12/2022
In Committee
05/12/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill would increase from $250 to $500 the annual property tax deductions provided to senior citizens and persons with disabilities, and veterans, to $500. The bill would take effect immediately, but remain inoperative until the approval by the voters of the State of amendments to the State Constitution that increase the amount of the property tax deductions for senior citizens and persons with disabilities, and veterans, to $500.

AI Summary

This bill would increase the annual property tax deductions for senior citizens, persons with disabilities, and veterans from $250 to $500, starting in tax year 2024. The bill would take effect immediately but remain inoperative until the approval of amendments to the state constitution that increase the property tax deduction amounts to $500.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 05/12/2022)

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