This bill expands New Jersey tax exemptions for veterans to include all branches of the Uniformed Services of the United States, such as the NOAA and the Public Health Service, in addition to the currently covered Armed Forces and National Guard. It achieves this by amending state tax code sections to replace the specific reference to the "Armed Forces" with the broader legal definition of "Uniformed Services," thereby extending a $6,000 gross income deduction to these additional groups. The legislation also ensures that military pension and survivor benefit payments received by these newly included veterans remain exempt from state gross income tax. These changes take effect for taxable years beginning on or after January 1 of the year following the bill's enactment.
This bill modifies how New Jersey school districts calculate the tax levy limits for preschool education aid, specifically targeting districts that operate pilot programs or are newly receiving such funding. It establishes a formula that allows districts to raise taxes to cover local shares of preschool costs by accounting for increases in student enrollment, healthcare expenses, and pension contributions beyond set thresholds. The legislation also includes specific rules for districts with low tax levies and those participating in pilot programs starting in the 2027-2028 school year. Ultimately, the act updates existing state laws to provide clearer guidelines on how much local funding districts can generate to support preschool education.
This bill proposes a constitutional amendment to grant a 100 percent property tax exemption on the primary residence of police officers, firefighters, and emergency medical technicians who suffer injuries in the line of duty. The measure specifically targets first responders who qualify for an accidental disability pension, ensuring they do not pay any property taxes on their homes. If approved by voters, the amendment would require the state Legislature to pass a law implementing this tax relief. The bill does not take effect immediately but must be voted on by the public at a future general election.
This bill prohibits New Jersey's state pension and annuity funds from investing in businesses identified under federal Superfund law (CERCLA) as responsible for environmental cleanup costs at contaminated sites, specifically if those businesses filed for bankruptcy to avoid paying. It directly affects the state's pension funds and companies that evade Superfund obligations through bankruptcy filings after EPA designation. The key mechanism requires the state Treasury to divest such investments within three years of identification, with "business affiliates" (entities owning 20%+ of the debtor) also covered. The bill targets entities like YPF S.A., which acquired Maxus Energy (responsible for Newark's Diamond Alkali Superfund site) and filed bankruptcy after EPA's $1.38 billion cleanup finding.
Bill A 884 reinstates automatic annual cost-of-living adjustments (COLAs) for retirement benefits of certain teachers and retirees in New Jersey's Teachers' Pension and Annuity Fund (TPAF). It would require the fund to automatically adjust retirement benefits each year based on inflation, without needing separate legislative approval. This directly affects current and retired educators covered by the TPAF who previously lost these automatic increases. The policy change ensures their retirement income keeps pace with rising living costs.
SCR 76 proposes a constitutional amendment requiring New Jersey to grant a 100% property tax exemption on the primary residence of police officers, firefighters, or emergency medical technicians (EMTs) who suffer line-of-duty injuries and qualify for an accidental disability pension. If approved by voters, the amendment would compel the Legislature to pass a law implementing this exemption. The exemption would apply solely to the primary residence of eligible first responders, covering all property taxes on that home. This measure does not provide immediate tax relief but sets up a process requiring voter approval before the exemption can be enacted through legislation.
This bill requires New Jersey to provide cost-of-living increases to retirees and beneficiaries in specific public pension systems (Teachers', Judicial, Public Employees', Police/Fire, and State Police Retirement Systems) whose monthly payments are at or below 150% of the federal poverty level for a single person. The increases, calculated as 100% of the Consumer Price Index change (instead of the previous 60%), apply only on January 1, 2023, and January 1, 2024. The state will fund these adjustments through the General Fund, with annual certification of costs by pension authorities. Beneficiaries may voluntarily waive the increase or later reinstate it with 30 days' notice.
This bill extends the Municipal Stabilization and Recovery Act by five years, directly affecting municipalities designated as "in need of stabilization and recovery" under the existing law. It modifies the timeline for recovery plans, changing the maximum period from 109 months to 169 months after a municipality is designated. The key mechanism requires these municipalities to create and implement 14-year recovery plans focused on balancing budgets, repaying debts (including pension obligations), and ensuring timely tax payments to counties and school districts. The extension provides additional time for financially distressed municipalities to achieve fiscal stability through structured planning. (Note: The bill was withdrawn as it was already enacted as P.L.2025, c.324.)
This bill requires certifying officers to verify that certain public employees (such as attorneys, engineers, accountants, physicians, and architects) are properly classified as state employees - not independent contractors - before enrolling them in New Jersey’s Public Employees’ Retirement System (PERS). Officers must complete a form based on IRS employee classification guidelines and submit supporting documents like position resolutions and oaths of office. The state will conduct audits to ensure compliance, and supervisors who fail to verify eligibility may face fines up to $5,000 per violation. The law applies to both new enrollments and existing members of the retirement system.
This bill (A 3824) would expand New Jersey's pension and retirement income tax exclusion to include taxpayers with incomes above $150,000. Currently, the exclusion phases out for those earning over $150,000, but this bill would allow taxpayers with income between $150,000 and $300,000 to claim 50% of the exclusion amount for the portion of income within that range. It directly affects New Jersey residents aged 62+ or with permanent disabilities who receive pension or retirement benefits. The change would increase the maximum exclusion amount for qualifying taxpayers, moving it from $150,000 to $300,000 in taxable income.
