NJ S2149

Allows veterans who purchase property after October 1 but before December 31 of the pretax year to receive the veteran's property tax deduction for that tax year, provided they previously qualified for the deduction on another property in New Jersey

Current law requires veterans to own property by October 1 of the pretax year to receive the deduction for the following tax year starting January 1

Addresses situations where veterans lose eligibility for the property tax deduction simply by moving to a new home during the October-December period

Amends P.L.1963, c.171 (C.54:4-8.15) governing veteran's property tax deduction eligibility criteria

Takes effect immediately upon enactment