Increases amounts of property tax deductions for senior citizens and persons with disabilities, and veterans, from $250 to $500.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill increases the amount of property tax deductions available to senior citizens, persons with disabilities, and veterans in New Jersey. Specifically, it raises the deduction from $250 to $500 annually. The bill amends existing state law to reflect these increased amounts, applying to real and personal property taxes. The changes would take effect immediately, but remain inactive until voter approval of constitutional amendments increasing the deduction amount.
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