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Bill > S2715
NJ S2715
NJ S2715Increases annual income limit for eligibility to receive homestead property tax reimbursement.
summary
Introduced
02/15/2024
02/15/2024
In Committee
02/15/2024
02/15/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill would increase the annual income limit for eligibility to receive a homestead property tax reimbursement. Under current law, the income limit is $80,000 or less for single persons or married couples. This bill would increase that income limit to $100,000 or less in 2017 and each year thereafter, to allow more senior citizens and disabled persons to qualify for this property tax relief program.
AI Summary
This bill increases the annual income limit for eligibility to receive a homestead property tax reimbursement, a program designed to provide property tax relief. Specifically, it raises the maximum allowable annual income from $80,000 to $100,000 for single individuals or married couples, effective for tax year 2017 and all subsequent years. This change aims to allow more senior citizens and disabled individuals, who meet the other program requirements, to qualify for this tax relief.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 02/15/2024)
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/S2715 |
| BillText | https://pub.njleg.gov/Bills/2026/S3000/2715_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/S3000/2715_I1.HTM |
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