Bill
Bill > A3000
NJ A3000
NJ A3000Permits veteran's property tax deduction for tax year when veteran was previously qualified to receive deduction and became owner of real property after October 1 of pretax year.
summary
Introduced
01/09/2024
01/09/2024
In Committee
06/19/2025
06/19/2025
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill would allow a veteran who becomes the owner of the legal title to a parcel of real property after October 1 of the pretax year to be eligible to receive the veteran's property tax deduction on that parcel of real property for the tax year as long as the veteran was eligible to receive that property tax deduction on any other parcel of real property in the State prior to October 1 of the pretax year. Under current law, a veteran must be the owner of the legal title to the property as to which a veteran's property tax deduction is claimed on October 1 of the pretax year in order to be eligible to receive that property tax deduction for the tax year beginning the next January 1st. This bill would prevent a veteran from becoming ineligible for the veteran's property tax deduction if the veteran moved into a new home after October 1.
AI Summary
This bill would allow a veteran who becomes the owner of a new property after October 1 of the pretax year to still receive the veteran's property tax deduction for that tax year, as long as the veteran was eligible for the deduction on another property prior to October 1. Under current law, a veteran must own the property as of October 1 to be eligible for the deduction for the following tax year, which could make a veteran ineligible if they moved to a new home after that date.
Committee Categories
Budget and Finance, Housing and Urban Affairs, Military Affairs and Security
Sponsors (4)
Last Action
Reported and Referred to Assembly Appropriations Committee (on 06/19/2025)
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/A3000 |
| Analysis - Statement AHO 6/19/25 | https://pub.njleg.gov/Bills/2024/A3000/3000_S2.PDF |
| Analysis - Technical Review Of Prefiled Bill | https://pub.njleg.gov/Bills/2024/A3000/3000_T1.PDF |
| Analysis - Statement AMV 1/23/25 | https://pub.njleg.gov/Bills/2024/A3000/3000_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A3000/3000_I1.HTM |
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