A 3635
Requires partial State reimbursement to municipalities for cost of disabled veterans' total property tax exemption.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires the state of New Jersey to provide partial financial reimbursement to local municipalities for the property tax exemptions granted to disabled veterans. Specifically, the state will reimburse municipalities 10% of the total property tax exemptions granted to eligible veterans, plus an additional 2% to cover administrative costs. This aims to offset the revenue loss experienced by municipalities due to these exemptions.
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