Bill > SCR81

Introduced Session

If approved by the voters of the State, this proposed constitutional amendment would increase the amount of the veterans' property tax deduction from the current $250 to $2,500. The increase would occur over four years. Veterans who are honorably discharged from active service in a branch of the United States Armed Forces qualify for the deduction. A qualified veteran's surviving spouse would receive the deduction after the qualified veteran dies. The amendment would increase the amount of the deduction to $1,000 in tax year 2025, $1,500 in tax year 2026, $2,000 in tax year 2027, and $2,500 in tax year 2028, and every tax year thereafter. The voters of the State last approved an increase in the amount of the deduction in 1999, from $50 to $250, over four years. The amount of the deduction has been $250 since 2003.

Committee Categories

Nilsa Cruz-Perez (D)*,  Troy Singleton (D)*,  Carmen Amato (R),  Tony Bucco (R),  Joe Cryan (D),  Patrick Diegnan (D),  Vin Gopal (D),  Linda Greenstein (D),  Declan O'Scanlon (R),  Vince Polistina (R),  Teresa Ruiz (D),  Holly Schepisi (R),  Bob Singer (R),  Parker Space (R),  Douglas Steinhardt (R),  Latham Tiver (R),  Shirley Turner (D),  Andrew Zwicker (D), 

Referred to Senate Budget and Appropriations Committee (on 06/17/2024)

Official Document