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Bill > S2053
NJ S2053
NJ S2053Allows siblings who share and equally co-own a primary residence to claim a joint homestead property tax reimbursement.
summary
Introduced
04/21/2016
04/21/2016
In Committee
04/21/2016
04/21/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 Regular Session
Bill Summary
This bill would revise the definition of "eligible claimant" for eligibility for a homestead property tax reimbursement so that siblings who are tenants in common with equal shares of interest in the title to the property shall be deemed to be "eligible claimants" and therefore allowed to claim a joint homestead property tax reimbursement, even if only one sibling is 65 years of age or older The bill would require that the siblings, combined, must meet the annual income limitations and the length of ownership and residency requirements in the definition of "eligible claimants" in order to be eligible to receive a joint homestead property tax reimbursement.
AI Summary
This bill would allow siblings who are tenants in common with equal shares of interest in the title to a property to claim a joint homestead property tax reimbursement, even if only one sibling is 65 years of age or older, as long as the siblings collectively meet the annual income limitations and length of ownership and residency requirements for "eligible claimants." The bill aims to expand eligibility for the homestead property tax reimbursement program to include certain sibling co-owners who may not have previously qualified.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 04/21/2016)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/S2500/2053_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/S2500/2053_I1.PDF |
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