summary
Introduced
04/11/2024
04/11/2024
In Committee
06/13/2024
06/13/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill allows veterans with a service-connected disability to receive a property tax rebate from the State in proportion to the percentage of their service-connected disability. The bill provides property tax relief to veterans who have a disability rating of less than 100 percent total and permanent disability. Veterans who have a disability rating of 100 percent total and permanent disability are already exempt from paying property taxes. Veterans with a service-connected disability are assigned a disability rating from the United States Department of Veterans' Affairs. A disability rating may range from 0 percent to 100 percent. That rating will determine the percentage of property taxes paid that the veteran will be allowed as a rebate under this bill. Funding for the rebate allowed by this bill is dependent on annual appropriations by the Legislature. The bill caps the rebate at $5,000 and limits availability of the rebate to veterans with gross income of up to $200,000.
AI Summary
This bill establishes a property tax rebate program for honorably discharged veterans with a service-connected disability, as determined by the U.S. Department of Veterans' Affairs. The rebate amount will be a percentage of the property taxes paid on the veteran's homestead, corresponding to their disability rating, with a maximum rebate of $5,000. Eligibility is limited to veterans with a gross income of $200,000 or less, and the program's funding relies on annual legislative appropriations. The bill also outlines procedures for application, approval, and payment of rebates, including provisions for handling property tax delinquencies and appeals.
Committee Categories
Budget and Finance, Military Affairs and Security
Sponsors (6)
Nilsa Cruz-Perez (D)*,
Joe Cryan (D)*,
Carmen Amato (R),
Patrick Diegnan (D),
Jim Holzapfel (R),
Parker Space (R),
Last Action
Referred to Senate Budget and Appropriations Committee (on 06/13/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S3084 |
| BillText | https://pub.njleg.gov/Bills/2026/S3500/3084_I1.HTM |
| Fiscal Note - Fiscal Estimate 8/27/24; as introduced | https://pub.njleg.gov/Bills/2024/S3500/3084_E1.PDF |
| Analysis - Statement SMV 6/13/24 | https://pub.njleg.gov/Bills/2024/S3500/3084_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S3500/3084_I1.HTM |
Loading...