Increases gross income tax credit for homestead property taxes paid from $50 to $200.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill increases the gross income tax credit for homestead property taxes paid in New Jersey. Currently, eligible taxpayers can receive a $50 credit, but this bill raises that amount to $200. This change would provide homeowners and tenants with a greater financial benefit for their property tax payments.
Bill text
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