S 1759 New Jersey Senate · 2026-2027 Regular Session

Increases amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments; increases property tax credit option for certain individuals.

S 1759 increases the portion of rent that counts as property taxes for tax deduction purposes from 18% to 30% for renters whose rental unit is their primary residence. It also raises the maximum property tax credit amount from $50 to $250 for eligible taxpayers, including those aged 65 or older, or who are blind or disabled and not subject to New Jersey income tax. These changes apply to both homeowners and renters who qualify for these tax benefits under New Jersey law. The bill modifies specific definitions and credit thresholds in the state's tax code without altering eligibility criteria.

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Jun 2026

Senate Passage

Jun 2026

General Assembly Passage

Governor

Introduced Jan 13, 2026 Last action Jun 18, 2026

Maddy AI version diff · 1 comparison

What changed between versions

Technical Review Of Prefiled Bill → Introduced · 4 edits · Jan 13, 2026

MODERATE

This diff reflects the transition of S1759 from a prefiled technical review version to its introduced version. The substantive policy changes (increasing rent constituting property taxes from 18% to 30% and raising the property tax credit from $50 to $250) were already present in the prior version. The main new additions are an official bill statement describing those changes, a reduction in co-sponsors (removing Senators Cryan and McKnight), and minor formatting adjustments.

TECHNICAL

A STATEMENT section was added at the end of the bill explaining its purpose: increasing rent constituting property taxes from 18% to 30% and raising the elective property tax credit from $50 to $250 for eligible taxpayers.

The procedural status line changed from 'As reported by the Senate Community and Urban Affairs Committee with technical review' to 'Introduced Pending Technical Review by Legislative Counsel.'

Co-sponsor list was reduced by removing Senators Cryan and McKnight, leaving Johnson, Zwicker, Gopal, Greenstein, Ruiz, Turner, and Wimberly.

Minor whitespace and line-break formatting changes throughout the definition sections for 'Homestead' and 'Residential rental property.'

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 18, 2026

Committee

Received in the Assembly, Referred to Assembly Housing Committee

lower

Jun 18, 2026

Upper · Passed

Passed by the Senate (40-0)

upper

Mar 5, 2026

Committee

Referred to Senate Budget and Appropriations Committee

upper

Jan 13, 2026

Introduced

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee

upper

2 primary · 9 co-sponsors