Allows property tax rebate for disabled veterans.
This bill would provide property tax rebates to New Jersey veterans with service-connected disabilities, allowing them to receive a rebate equal to their disability percentage (e.g., a 30% disability rating would get a 30% rebate on property taxes). It directly affects veterans who are honorably discharged, have a VA-rated disability, live in their primary residence (homestead), and have gross income under $200,000. The rebate is capped at $5,000 annually, with special provisions for renters (18% of rent counted as property taxes) and mobile home owners (18% of site fees counted as property taxes). Veterans with 100% disability are already exempt from property taxes and would not qualify for this rebate. Funding for the program would depend on annual legislative appropriations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
Governor
Introduced Apr 11, 2024
Last action Jun 13, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jun 13, 2024
Committee
Referred to Senate Budget and Appropriations Committee
upper
Jun 13, 2024
Upper · Passed
Reported out of Senate Committee, 2nd Reading
upper
Apr 11, 2024
Introduced
Introduced in the Senate, Referred to Senate Military and Veterans' Affairs Committee
upper
2 primary · 4 co-sponsors
Sponsors
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