Provides for increase and annual adjustment in allowance paid to veterans with certain wartime service-connected disabilities.

This New Jersey bill increases annual payments to veterans with specific wartime service-connected disabilities from $750 to $1,500 per year. It directly affects veterans who lost sight during wartime (under R.S.38:18-2) or have severe disabilities like paraplegia, amputations, or permanent limb loss from service-related injuries (under P.L.1947, c.263). The bill establishes an automatic annual adjustment to payments based on the Consumer Price Index for the New York-Northern New Jersey-Long Island area, ensuring payments keep pace with inflation. Adjustments are calculated each December 1st for payments starting January 1st of the following year, with the first adjustment delayed until 12 months after the bill takes effect.