Bill
Bill > A1246
NJ A1246
NJ A1246Extends eligibility for property tax benefits to veterans, 100 percent service-disabled veterans, and senior citizens and persons with disabilities who pay payments in lieu of property taxes.
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 extend eligibility for the property tax exemption provided to veterans who have suffered a 100 percent service-connected disability, the $250 veterans property tax deduction, and the $250 property tax deduction for senior citizens and persons with disabilities to those persons who pay payments in lieu of property taxes, as required pursuant to a contract between a municipality and an urban renewal entity pursuant to the "Long Term Tax Exemption Law," P.L.1991, c.431 (C.40A:20-1 et al.), instead of property taxes, on their homes.
AI Summary
This bill extends eligibility for the property tax exemption provided to veterans who have suffered a 100 percent service-connected disability, the $250 veterans property tax deduction, and the $250 property tax deduction for senior citizens and persons with disabilities to those persons who pay payments in lieu of property taxes, as required pursuant to a contract between a municipality and an urban renewal entity, instead of property taxes, on their homes.
Committee Categories
Military Affairs and Security
Sponsors (2)
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 |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A1246 |
| BillText | https://pub.njleg.gov/Bills/2024/A1500/1246_I1.HTM |
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