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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

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 lowers the minimum age for the surviving spouse of an eligible claimant to maintain their eligibility to receive a homestead property tax reimbursement, known as the "senior freeze," from 65 to 62 years old. The homestead property tax reimbursement program provides eligible senior citizens and disabled persons with a benefit to compensate for increases in property taxes. The bill is retroactive 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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