A 4649
Requires State reimbursement to municipalities of cost of disabled veterans' total property tax exemption; increases amount of State reimbursement to municipalities for amount of veterans' property tax deduction.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to provide increased financial support to New Jersey municipalities for property tax exemptions and deductions granted to disabled veterans. It requires the state to reimburse local governments for the full cost of these exemptions, including 102.5% of the current amount, and increases the reimbursement for veterans’ property tax deductions. The bill also establishes procedures for reporting exemption data and includes provisions for the state to inspect records related to these exemptions.
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