Bill > S3318

Introduced Session

This bill would require the State to reimburse local government units, including municipalities, counties, school districts for the assessed value of property taxes that are no longer collectible during the first year in which a person is approved for the 100 percent service-disabled veterans property tax exemption. During any tax year in which a person is approved for the property tax exemption, the tax collector of the municipality in which the person resides, would be required to provide the Director of the Division of Taxation in the Department of the Treasury with the following documentation: a copy of the resolution approved by the governing body of the municipality granting the property tax exemption; a copy of the person's property tax bill for the tax year; and a certification of the amount of property taxes that would have been otherwise due and payable by the person for each local government unit during the remainder of the tax year following the date of approval by the governing body of the exemption. After this documentation is provided, the State Treasurer would be required to reimburse each local government unit not later than 10 calendar days following the due date of each quarterly tax bill for which property taxes are no longer owed for the property.

AI Summary

Committee Categories

Carmen Amato (R)*,  Owen Henry (R),  Parker Space (R), 

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 06/03/2024)

Official Document