Bill

Bill > S1081


NJ S1081

NJ S1081
Increases annual property tax deduction for senior citizens and disabled persons from $250 to $500.


summary

Introduced
02/08/2016
In Committee
02/08/2016
Crossed Over
Passed
Dead
01/08/2018

Introduced Session

2016-2017 Regular Session

Bill Summary

This bill would increase the amount of the annual property tax deduction provided to eligible senior citizens and disabled persons from the current $250 to $300 in 2017, $350 in 2018, $400 in 2019, $450 in 2020 and $500 in 2021 and for each year thereafter. The amount of this annual property tax deduction has not been increased since 1983. The provisions of the bill will remain inoperative until the approval by the voters of the State of a constitutional amendment authorizing this increased property tax deduction for senior citizens and disabled persons.

AI Summary

This bill would increase the annual property tax deduction for eligible senior citizens and disabled persons from the current $250 to $300 in 2017, $350 in 2018, $400 in 2019, $450 in 2020, and $500 in 2021 and for each year thereafter. The provisions of the bill will remain inoperative until the approval by the voters of the State of a constitutional amendment authorizing this increased property tax deduction.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 02/08/2016)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...