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Bill > A1154
NJ A1154
NJ A1154Excludes veteran disability compensation from income qualification limits under homestead property tax reimbursement program.
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 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)
Carol Murphy (D)*,
Aura Dunn (R),
Dan Hutchison (D),
Verlina Reynolds-Jackson (D),
Anthony Verrelli (D),
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs 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 |
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State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A1154 |
BillText | https://pub.njleg.gov/Bills/2024/A1500/1154_I1.HTM |
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