Bill
Bill > A2871
NJ A2871
NJ A2871Increases amounts of property tax deductions for senior citizens and persons with disabilities, and veterans, from $250 to $500.
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 increase from $250 to $500 the annual property tax deductions provided to senior citizens and persons with disabilities, and veterans, to $500. The bill would take effect immediately, but remain inoperative until the approval by the voters of the State of amendments to the State Constitution that increase the amount of the property tax deductions for senior citizens and persons with disabilities, and veterans, to $500.
AI Summary
This bill would increase the annual property tax deductions for senior citizens, persons with disabilities, and veterans from $250 to $500 starting in tax year 2024. The bill would take effect immediately but remain inoperative until the approval of amendments to the state constitution that increase the property tax deductions to $500. The bill aims to provide more financial relief to these groups by doubling the amount of their property tax deductions.
Committee Categories
Business and Industry
Sponsors (10)
Al Barlas (R)*,
Anthony Verrelli (D)*,
Reginald Atkins (D),
Joe Danielsen (D),
Aura Dunn (R),
Robert Karabinchak (D),
Julio Marenco (D),
Michele Matsikoudis (R),
Verlina Reynolds-Jackson (D),
Sterley Stanley (D),
Last Action
Introduced, Referred to Assembly Commerce, Economic Development and Agriculture 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/A2871 |
| BillText | https://pub.njleg.gov/Bills/2024/A3000/2871_I1.HTM |
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