NJ S1407

Bill

Permits veteran's property tax deduction for tax year when veteran was previously qualified to receive deduction and became owner of real property after October 1 of pretax year.

Introduced
02/01/2018

In Committee
02/01/2018

Crossed Over

Passed

Dead
01/08/2020

Introduced Session

2018-2019 Regular Session

Bill Summary

This bill would allow a veteran who becomes the owner of the legal title to a parcel of real property after October 1 of the pretax year to be eligible to receive the veteran's property tax deduction on that parcel of real property for the tax year as long as the veteran was eligible to receive that property tax deduction on any other parcel of real property in the State prior to October 1 of the pretax year. Under current law, a veteran must be the owner of the legal title to the property as to which a veteran's property tax deduction is claimed on October 1 of the pretax year in order to be eligible to receive that property tax deduction for the tax year beginning the next January 1st. This bill would prevent a veteran from becoming ineligible for the veteran's property tax deduction if the veteran moved into a new home after October 1.

AI Summary

This bill would allow a veteran who becomes the owner of a property after October 1 of the pretax year to still be eligible for the veteran's property tax deduction for that tax year, as long as the veteran was previously eligible for the deduction on another property. Under current law, a veteran must be the owner of the property on October 1 of the pretax year to qualify for the deduction. This bill aims to prevent a veteran from becoming ineligible for the deduction if they move into a new home after October 1.

Committee Categories

Housing and Urban Affairs

Sponsors (3)

Patrick Diegnan (D)*, Anthony Bucco (R), Linda Greenstein (D),

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 02/01/2018)

(2 Companion Bills)

Version:

Document Type	Source Location
BillText	https://www.njleg.state.nj.us/2018/Bills/S1500/1407_I1.HTM
Bill	https://www.njleg.state.nj.us/2018/Bills/S1500/1407_I1.PDF

Bill	Bill Name	Last Action	Type
A4172	Permits veteran's property tax deduction for tax year when veteran was previously qualified to receive deduction and became owner of real property after October 1 of pretax year.	Introduced, Referred to Assembly State and Local Government Committee	Same As
S90	Permits veteran's property tax deduction for tax year when veteran was previously qualified to receive deduction and became owner of real property after October 1 of pretax year.	Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee	Carry Over

Bill > S1407

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

bill text

bill summary

bill summary

bill summary