NJ SR86

New Jersey Senate Resolution 86 urges the President and Congress to enact federal legislation providing proportional property tax relief for honorably discharged veterans with service-connected permanent disabilities.

The proposed relief would calculate annual property tax benefits based on a percentage corresponding to the veteran's disability rating assigned by the U.S. Department of Veterans Affairs.

Eligibility would be limited to veterans with annual income up to $200,000, and benefits would apply only to principal residences.

New Jersey currently provides a total property tax exemption for veterans with 100 percent service-connected disabilities, but the resolution notes many veterans in other states lack similar protections.

Copies of the resolution would be transmitted to the President, Vice President, congressional leadership, and all New Jersey members of Congress.