Bill
Bill > S2518
NJ S2518
NJ S2518Increases annual income limitation to receive senior and disabled citizens' property tax deduction to $15,000.
summary
Introduced
02/05/2024
02/05/2024
In Committee
02/05/2024
02/05/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill would amend current law to increase the annual income threshold for eligibility to receive the senior and disabled persons $250 property tax deduction from $10,000 to $15,000 once that increase is authorized by constitutional amendment.
AI Summary
This bill would amend current law to increase the annual income threshold for eligibility to receive the senior and disabled persons $250 property tax deduction from $10,000 to $15,000, once that increase is authorized by a constitutional amendment. The bill also specifies that the $15,000 income limit would apply for the year 2023 and each year thereafter.
Committee Categories
Housing and Urban Affairs
Sponsors (3)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 02/05/2024)
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/S2518 |
| BillText | https://pub.njleg.gov/Bills/2024/S3000/2518_I1.HTM |
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