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Bill > A703
NJ A703
NJ A703Extends senior freeze benefits to certain senior citizens and disabled persons who have continuously resided in New Jersey for three years.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill would change the residency requirements for the homestead property tax reimbursement program, commonly known as the "senior freeze" program, which reimburses eligible senior citizens and disabled persons for property tax or mobile home park site fee increases on their principal residence. Currently, to be eligible for the program, a senior citizen or disabled person is required to have maintained a principal residence in New Jersey for at least ten consecutive years, at least three of which are as a homeowner. The bill changes this requirement by extending eligibility to senior citizens and disabled persons who have continuously maintained a principal residence in New Jersey as a homeowner for the immediately preceding three years.
AI Summary
This bill would change the residency requirements for the homestead property tax reimbursement program, commonly known as the "senior freeze" program, which provides eligible senior citizens and disabled persons with reimbursements for increases in property taxes or mobile home park site fees on their principal residence. Currently, to be eligible, a person must have maintained a principal residence in New Jersey for at least 10 consecutive years, with at least 3 of those years as a homeowner. This bill would extend eligibility to those who have continuously maintained a principal residence in New Jersey as a homeowner for the immediately preceding 3 years.
Committee Categories
Health and Social Services
Sponsors (2)
Last Action
Introduced, Referred to Assembly Aging and Human Services Committee (on 01/09/2024)
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/2024/A703 |
| BillText | https://pub.njleg.gov/Bills/2024/A1000/703_I1.HTM |
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