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Bill > S2281


NJ S2281

NJ S2281
Makes total property tax exemption for 100% disabled veterans retroactive to effective date of determination of total disability; requires State to reimburse municipalities for reimbursement of property taxes paid to veteran.


summary

Introduced
05/26/2016
In Committee
05/26/2016
Crossed Over
Passed
Dead
01/08/2018

Introduced Session

2016-2017 Regular Session

Bill Summary

This bill provides that the total property tax exemption extended to totally disabled veterans is to be retroactive to the effective date of the determination of the veteran's total disability by the United States Department of Veterans Affairs. The bill also requires that the governing body of each municipality return all taxes collected on the veteran's property after the effective date of the determination of total disability by the United States Department of Veterans Affairs, and requires the State to reimburse municipalities for the amount of such property taxes returned to a totally disabled veteran pursuant to the requirements of the bill. This bill is intended to address the problem that sometimes occurs in the determination of a veteran's status as 100% disabled by the United States Department of Veterans Affairs. Such a determination may take several years to certify, which results in the payment by the veteran of real property taxes for those years. Under current law, a municipality is permitted, but not required, to refund these property taxes paid by a veteran who becomes certified as 100% disabled prior to the certification of that 100% disability. Many municipalities do not make such refunds, which results in a 100% disabled veteran, who is entitled to a property tax exemption, having to pay property taxes for years in which no such payment should have been required.

AI Summary

This bill makes the total property tax exemption for 100% disabled veterans retroactive to the effective date of the determination of their total disability by the United States Department of Veterans Affairs. It also requires the governing body of each municipality to return all taxes collected on the veteran's property after the effective date of the determination of total disability, and requires the State to reimburse municipalities for the amount of such property taxes returned to a totally disabled veteran. The bill aims to address the issue where a determination of a veteran's 100% disability status can take several years, resulting in the veteran having to pay property taxes for those years, even though they are entitled to a full exemption.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 05/26/2016)

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