Bill

Bill > A1795


NJ A1795

NJ A1795
Increases annual income limitation to receive senior and disabled citizens' property tax deduction to $15,000.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026-2027 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 proposes to increase the annual income limitation for eligible senior and disabled citizens to receive a $250 property tax deduction from $10,000 to $15,000, starting in the year 2023. This change, which aims to provide greater property tax relief to these individuals, will only take effect once voters approve a constitutional amendment that authorizes this higher income threshold. The property tax deduction itself, which is a reduction in the amount of property tax owed, is available to citizens aged 65 or older, or those under 65 who are permanently and totally disabled, and who meet specific residency and ownership requirements for their homes.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Introduced, Referred to Assembly Commerce and Economic Development Committee (on 01/13/2026)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...