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Bill > SCR82


NJ SCR82

Proposes constitutional amendment authorizing municipalities to provide partial property tax exemption of up to 15 percent of assessed value for primary residence of certain volunteer first responders.


summary

Introduced
01/29/2024
In Committee
05/16/2024
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

If approved by the voters, this proposed constitutional amendment would require the Legislature to enact a law permitting municipalities to provide a partial property tax exemption of up to 15 percent of the assessed value of a home for certain volunteer first responders. A municipality would have to pass an ordinance in order to provide the exemption. The exemption would mean that the volunteer first responder would not pay property taxes on a portion of the home's assessed value. Each municipality would decide whether to allow the exemption and decide the percentage amount of the exemption, however the exemption could not be more than 15 percent of the assessed value of the property. The Legislature would be required to pass a law authorizing the exemption. To be eligible for the exemption, a first responder would have to be an active member of a volunteer fire department or a volunteer first aid or rescue squad that serves the municipality. The home would also have to be the volunteer's primary residence and be located in the municipality in which the volunteer serves.

Committee Categories

Budget and Finance, Justice

Sponsors (4)

Last Action

Concurrent Resolution Placed on Desk in Assembly (on 05/16/2024)

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