Bill
Bill > S950
NJ S950
NJ S950Increases amount of, and income limit for eligibility to receive, senior citizens' and disabled persons' property tax deduction.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill increases both the amount of the annual senior citizens' and disabled persons' property tax deduction, and the annual income limit for eligibility to receive that annual deduction. Currently, the Constitution, and the enabling statute, N.J.S.A.54:4-8.41, limits to $10,000 the amount of income that can be earned annually in order to qualify for the senior citizens' and disabled persons' property tax deduction, and limits the amount of that property tax deduction to $250 per year. This bill would increase the annual income limit to $25,000, and the amount of the deduction to $500, beginning in 2015. However, the provisions of the bill would only take effect on the 30th day immediately following the approval by the voters of the State of a constitutional amendment to revise the income limit, and the amount of the property tax deduction, as set forth in the bill. The income limit was last increased in 1983, from $9,000 to $10,000, and the amount of the property tax deduction also was last increased in 1983, from $225 to $250.
AI Summary
This bill, intended to provide property tax relief to senior citizens and disabled persons, proposes to increase both the maximum annual income allowed to qualify for the property tax deduction and the amount of the deduction itself, beginning in 2015. Specifically, it would raise the income limit from $10,000 to $25,000 and the deduction amount from $250 to $500. The property tax deduction is a reduction applied to the taxes assessed against a person's real property, and eligibility is currently based on age (65 or older) or permanent and total disability, along with income limitations. The bill's provisions will only become effective after voters approve a constitutional amendment to allow for these changes, as the current income limit and deduction amounts were last updated in 1983.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/13/2026)
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/2026/S950 |
| BillText | https://pub.njleg.gov/Bills/2026/S1000/950_I1.HTM |
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