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Bill > S616


NJ S616

NJ S616
Lowers age of eligibility for surviving spouse under homestead property tax reimbursement program.


summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill lowers the minimum age for a surviving spouse of an eligible claimant to maintain their eligibility to receive a homestead property tax reimbursement upon the death of the eligible claimant. The current minimum age is 65. The bill changes the minimum age to 62. The bill is retroactive to January 1, 2020. Informally known as the "senior freeze," the homestead property tax reimbursement provides eligible senior citizens and disabled persons with a benefit to compensate for increases in property taxes.

AI Summary

This bill, informally known as the "senior freeze," modifies the eligibility requirements for surviving spouses to receive homestead property tax reimbursements, which are benefits designed to help eligible senior citizens and disabled individuals offset increases in their property taxes. Specifically, it lowers the minimum age for a surviving spouse to qualify for this reimbursement from 65 to 62 years old. This change is retroactive, meaning it applies to claims dating back to January 1, 2020.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/09/2024)

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