SENATE MILITARY AND VETERANS' AFFAIRS
COMMITTEE
STATEMENT TO
SENATE, No. 3084
STATE OF NEW JERSEY
DATED: JUNE 13, 2024
The Senate Military and Veterans' Affairs Committee reports
favorably Senate Bill No. 3084.
This bill allows veterans with a service-connected disability to
receive a property tax rebate from the State in proportion to the
percentage of their service-connected disability. The bill provides
property tax relief to veterans who have a disability rating of less than
100 percent total and permanent disability. Veterans who have a
disability rating of 100 percent total and permanent disability are
already exempt from paying property taxes.
Veterans with a service-connected disability are assigned a
disability rating from the United States Department of Veterans
Affairs. A disability rating may range from 0 percent to 100 percent.
That rating will determine the percentage of property taxes paid that
the veteran will be allowed as a rebate under this bill.
Funding for the rebate allowed by this bill is dependent on annual
appropriations by the Legislature. The bill caps the rebate at $5,000
and limits availability of the rebate to veterans with gross income of up
to $200,000.