Increases amount of, and income limit for eligibility to receive, senior citizens' and disabled persons' property tax deduction.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill proposes to increase the amount and income limit for eligibility to receive the senior citizens’ and disabled persons’ property tax deduction in New Jersey. Specifically, it raises the income limit to $25,000 and increases the maximum deduction amount to $500, starting in 2015. These changes aim to provide greater property tax relief for eligible seniors and individuals with disabilities. The bill’s implementation is contingent upon voter approval of a constitutional amendment.
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