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Bill > A1154


NJ A1154

NJ A1154
Excludes veteran disability compensation from income qualification limits 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 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 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 they are eligible to participate in the homestead property tax reimbursement program. This program reimburses eligible senior citizens and disabled persons for property tax increases. The bill aims to allow more disabled veterans to qualify for this property tax reimbursement by excluding their disability compensation from being counted as income when determining eligibility.

Committee Categories

Military Affairs and Security

Sponsors (5)

Last Action

Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/09/2024)

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