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NJ A3000

Bill

Official Source

Status

Introduced

1/9/2024

Primary Sponsor

Cody Miller

Click for details

Origin

General Assembly

2024-2025 Regular Session

AI Summary

  • Allows veterans who purchase property after October 1 but before December 31 of the pretax year to still qualify for the veteran's property tax deduction that tax year
  • Requires the veteran to have been eligible for the property tax deduction on another property in New Jersey prior to October 1 of the pretax year
  • Addresses a gap in current law where veterans who move to a new home after October 1 lose their property tax deduction eligibility for the upcoming tax year
  • Amends P.L.1963, c.171 (C.54:4-8.15) which governs eligibility criteria for the veteran's property tax deduction

Legislative Description

Permits veteran's property tax deduction for tax year when veteran was previously qualified to receive deduction and became owner of real property after October 1 of pretax year.

Appropriations

Last Action

Reported and Referred to Assembly Appropriations Committee

6/19/2025

Committee Referrals

Appropriations6/19/2025
Housing1/23/2025
Military and Veterans' Affairs1/9/2024

Full Bill Text

No bill text available