Bill
Bill > A1150
NJ A1150
NJ A1150Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability and requires State to reimburse municipalities for cost of exemption.
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
The bill grants a property tax exemption to honorably discharged veterans having a service-connected disability in proportion to their disability percentage rating. The exemption is granted to those with a disability percentage rating of at least 25 percent, and the exemption is capped at $15,000. Those with a 100 percent disability percentage rating would still be allowed a 100 percent property tax exemption without a cap, as is the case under current law. In addition, the bill grants those honorably discharged veterans having less than a 100 percent service-connected disability, but who are unemployable, a 100 percent property tax exemption, which matches the current 100 percent property tax exemption for honorably discharged veterans having a 100 percent disability percentage rating. As under current law, the bill allows the property tax exemption to extend to the surviving spouse of a veteran. The bill eliminates all references to medical conditions so that any service-connected disability, as determined by the United States Department of Veterans' Affairs, will make a veteran eligible for the property tax exemption. Finally, the bill requires the State to annually reimburse taxing districts, including for administrative costs, for the property tax exemptions granted to disabled veterans and their surviving spouses. The bill includes reporting provisions so proper reimbursement can be made.
AI Summary
This bill expands property tax exemptions for honorably discharged veterans with service-connected disabilities, meaning disabilities incurred during military service as recognized by the U.S. Department of Veterans' Affairs. Previously, exemptions were limited to specific severe conditions, but this bill allows any service-connected disability rating of at least 25 percent to qualify for a proportional exemption, capped at $15,000, though veterans with a 100 percent disability rating or those deemed unemployable due to their disability will still receive a full property tax exemption without a cap. The bill also clarifies that the exemption extends to surviving spouses of eligible veterans and removes any mention of specific medical conditions, focusing solely on the disability rating determined by the Department of Veterans' Affairs. Crucially, the State will now reimburse municipalities for the cost of these exemptions, including administrative expenses, to ensure local governments are not financially burdened.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Introduced, Referred to Assembly Military and Veterans' Affairs 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/A1150 |
| BillText | https://pub.njleg.gov/Bills/2026/A1500/1150_I1.HTM |
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