Bill
Bill > S1406
NJ S1406
NJ S1406Makes 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
02/01/2018
02/01/2018
In Committee
02/01/2018
02/01/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 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 disability determination, and requires the State to reimburse municipalities for the amount of such property taxes returned to the totally disabled veteran. The bill aims to address the issue that sometimes occurs where the determination of a veteran's 100% disability status can take several years, resulting in the veteran having to pay property taxes during those years despite being entitled to a tax exemption.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 02/01/2018)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2018/Bills/S1500/1406_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/S1500/1406_I1.PDF |
Loading...