Exempts certain surviving spouses and surviving civil union partners of certain disabled veterans from components of the realty transfer fee.
This bill (A726) exempts surviving spouses and civil union partners of disabled veterans from New Jersey's realty transfer fees when selling a one- or two-family home. Specifically, it applies to veterans who were 100% disabled in active wartime service and qualified for a property tax exemption at their death. The exemption covers both the state's basic fee and supplemental fee for these home sales during the survivor's widowhood/widowerhood. This expands existing exemptions for senior citizens and disabled individuals to include these veterans' survivors, removing a prior requirement that survivors themselves must be disabled or a senior.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
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Full legislative history
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1
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Military and Veterans' Affairs Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
MT
Mike Torrissi
RRepublican
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