Bill
Bill > A5847
NJ A5847
NJ A5847Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability and requires State to reimburse municipalities for cost of exemption.
summary
Introduced
12/07/2023
12/07/2023
In Committee
12/07/2023
12/07/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability and requires State to reimburse municipalities for cost of exemption.
AI Summary
This bill authorizes a proportional property tax exemption for honorably discharged veterans who have a service-connected disability of at least 25 percent, up to and including a total or 100 percent disability. For veterans with a disability less than 100 percent, the exemption is limited to $15,000. The bill also requires the State to reimburse municipalities for the cost of the exemptions, and includes administrative provisions to track the exemptions and ensure their proper implementation.
Committee Categories
Military Affairs and Security
Sponsors (2)
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 12/07/2023)
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/A5847 |
| BillText | https://pub.njleg.gov/Bills/2022/A6000/5847_I1.HTM |
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