Bill
Bill > A2939
NJ A2939
NJ A2939Provides property tax deduction up to $5,000 to honorably discharged veterans having a service-connected disability rating less than 100 percent.
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 would provide an annual deduction for 100 percent of the property taxes, up to $5,000, assessed to honorably discharged veterans who served in the United States Armed Forces and suffered a service-connected disability that is rated less than 100 percent by the United States Department of Veterans Affairs. Under current law, a veteran who has been honorably discharged or released under honorable circumstances from active service in any branch of the Armed Forces of the United States and who has been or shall be declared by the United States Department of Veterans Affairs or its successor to have a service-connected disability of 100 percent, is entitled to a 100 percent property tax exemption. The bill would provide that any such veteran who has been declared by the United States Department of Veterans Affairs or its successor to have a service-connected disability of less than 100 percent would receive an annual deduction for 100 percent of the property taxes assessed to the veteran in any tax year, up to $5,000. In the case of such a veteran whose annual property tax bill in any tax year is less than $5,000, that tax bill would be canceled. This property tax deduction would be in addition to the $250 veterans' property tax deduction that is currently provided for all honorably discharged veterans. The bill would also require the State Treasurer to annually reimburse taxing districts for 102 percent of the amount of the property tax deductions granted to honorably discharged veterans under the bill.
AI Summary
This bill expands property tax relief for honorably discharged veterans with service-connected disabilities by creating a new deduction of up to $5,000 annually for those whose disability rating is less than 100 percent, a category not currently covered by the full property tax exemption which is reserved for veterans with a 100 percent permanent disability rating from the U.S. Department of Veterans Affairs (VA). This new deduction would apply to property taxes owed by eligible veterans, and if their annual tax bill is less than $5,000, it would be completely canceled, in addition to the existing $250 property tax deduction available to all honorably discharged veterans. Furthermore, the bill mandates that the State Treasurer will reimburse local taxing districts for 102 percent of the value of these new deductions to offset any revenue loss.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government 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/A2939 |
| BillText | https://pub.njleg.gov/Bills/2026/A3000/2939_I1.HTM |
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