Bill
Bill > S1011
NJ S1011
NJ S1011Excludes veteran disability compensation from income qualification limits under homestead property tax reimbursement program.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill would allow more disabled veterans to qualify for the homestead property tax reimbursement program. The homestead property tax reimbursement program reimburses eligible senior citizens and disabled persons for property tax increases. The amount of the reimbursement is the difference between the amount of property taxes that were due and paid for the "base year" (the first year that an individual meets all the eligibility requirements) and the amount due and paid for the year that the individual is applying for the reimbursement, provided the amount paid for the current year is greater. The bill would exclude disability compensation paid by the United States Department of Veterans Affairs to a veteran from the calculation of that person's income for the purpose of determining whether the person is eligible to participate in the homestead property tax reimbursement program.
AI Summary
This bill amends the homestead property tax reimbursement program, which helps eligible senior citizens and disabled individuals get money back for increases in their property taxes. Specifically, it ensures that disability compensation received by a veteran from the U.S. Department of Veterans Affairs for service-related disabilities will not be counted as income when determining their eligibility for this program, potentially allowing more disabled veterans to qualify for tax relief.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/09/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S1011 |
| BillText | https://pub.njleg.gov/Bills/2026/S1500/1011_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/S1500/1011_I1.HTM |
Loading...