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Bill > S1756


NJ S1756

NJ S1756
Exempts certain surviving spouses and surviving civil union partners of certain disabled veterans from components of the realty transfer fee.


summary

Introduced
03/07/2016
In Committee
03/07/2016
Crossed Over
Passed
Dead
01/08/2018

Introduced Session

2016-2017 Regular Session

Bill Summary

This bill exempts the surviving spouses and surviving civil union partners of certain veterans from components of the realty transfer fee: veterans who were completely disabled in active service in time of war. These spouses and partners have particularly felt the repercussions of their partners'military service to our country. The realty transfer fee is actually four fees, the "basic fee," the "additional fee," the "supplemental fee," and the "general purpose fee," each one with its own graduated rate schedule, imposed on the sellers of real property. Under current law, senior citizens and persons with disabilities who sell their one- or two-family residential home are exempted from the basic fee and the supplemental fee. This exemption is not available to the surviving spouse of a senior citizen or the surviving spouse of a person with a disability unless the surviving spouse is himself a senior citizen or a person with a disability. This bill allows the preferred realty transfer fee rates to the sale of any one- or two-family home of the surviving spouse or surviving partner of a disabled veteran who, at the time of the disabled veteran's death, qualified for the property tax exemption for the residential premises allowed to veterans who were 100 percent disabled in active service in time of war if the sale is made by the survivor during the survivor's widowhood or widowerhood. These surviving spouses and partners have endured the anxiety of separation experienced by all those who have had a loved one sent into active military service, and then shared the sacrifice of the veterans who have bought the destruction of war home with them.

AI Summary

This bill exempts the surviving spouses and surviving civil union partners of certain disabled veterans from components of the realty transfer fee. Specifically, it allows the preferred realty transfer fee rates to the sale of any one- or two-family home of the surviving spouse or surviving partner of a disabled veteran who, at the time of the disabled veteran's death, qualified for the property tax exemption for the residential premises. This exemption is intended to assist these survivors, who have endured the anxiety and sacrifice experienced by those with a loved one sent into active military service.

Committee Categories

Military Affairs and Security

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee (on 03/07/2016)

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