New Jersey 2024-2025 Regular Session

New Jersey Senate Bill SR117

Introduced
11/18/24  

Caption

Urges President and Congress of United States to enact federal legislation providing proportional property tax relief for honorably discharged veterans having a service-connected permanent disability.

Impact

The proposed proportional property tax relief would benefit disabled veterans at a rate determined by their disability ratings assigned by the Department of Veterans Affairs. This relief is intended to provide a measure of financial aid that reflects the degree of the veteran's disability, potentially improving their living conditions and easing their economic burden. The resolution suggests that this federal support be limited to veterans with an annual income of up to $200,000 and pertains only to their principal residences, ensuring that the most financially vulnerable veterans receive assistance.

Summary

Senate Resolution No. 117 urges the President and Congress of the United States to enact federal legislation that provides proportional property tax relief for honorably discharged veterans with service-connected permanent disabilities. Recognizing the sacrifices made by these individuals, the resolution emphasizes the need for federal support to ensure that veterans can maintain a stable quality of life, acknowledging that many veterans face financial challenges due to their disabilities. Currently, New Jersey offers a total property tax exemption for veterans with 100% service-connected disabilities, but similar provisions are not uniformly available across the country.

Contention

One of the notable points of contention regarding SR117 is the challenge of ensuring that similar tax benefits are equitably distributed among veterans nationwide. The resolution stresses the importance of federal legislation to provide uniformity in benefits, which may face opposition based on differing state policies or budget considerations. Critics may question the fiscal implications of implementing such relief at the federal level, and whether it may create disparities between veterans of different states who currently receive varying levels of assistance. Therefore, debate may focus on the balance between federal mandates and state autonomy over tax laws.

Companion Bills

NJ AR165

Same As Urges President and Congress of United States to enact federal legislation providing proportional property tax relief for honorably discharged veterans having a service-connected permanent disability.

Previously Filed As

NJ AR165

Urges President and Congress of United States to enact federal legislation providing proportional property tax relief for honorably discharged veterans having a service-connected permanent disability.

NJ S1076

Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability and requires State to reimburse municipalities for cost of exemption.

NJ S4241

Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability and requires State to reimburse municipalities for cost of exemption.

NJ A5847

Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability and requires State to reimburse municipalities for cost of exemption.

NJ A3688

Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability and requires State to reimburse municipalities for cost of exemption.

NJ A2717

Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected permanent disability and proclaims that the State shall reimburse municipalities for costs of exemption.

NJ A888

Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected permanent disability and proclaims that the State shall reimburse municipalities for costs of exemption.

NJ S522

Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability and proclaims that the State shall reimburse municipalities for cost of exemptions.

NJ S58

Authorizes proportional property tax exemption for honorably discharged veterans having a service-connected disability and proclaims that the State shall reimburse municipalities for cost of exemptions.

NJ S1012

Authorizes proportional property tax exemption for honorably discharged veterans having service-connected permanent disability; extends eligibility to veterans suffering from mental illness; establishes eligibility of property owned by disabled veteran with surviving partner for exemption.

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Urges President and Congress of United States to enact federal legislation providing proportional property tax relief for honorably discharged veterans having a service-connected permanent disability.

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