ASSEMBLY, No. 176

STATE OF NEW JERSEY

Introduced Pending Technical Review by Legislative Counsel

PRE-FILED FOR INTRODUCTION IN THE 1996 SESSION

By Assemblymen GIBSON and DiGAETANO

An Act concerning certain deductions from the taxes against the real property of certain veterans who are residents of this State, and for certain surviving spouses, and amending P.L.1963, c.171.

    Be It Enacted by the Senate and General Assembly of the State of New Jersey:

    1. Section 2 of P.L.1963, c.171 (C:54:4-8.11) is amended to read as follows:

    2. Every person a citizen and resident of this State now or hereafter honorably discharged or released under honorable circumstances from active service in time of war in any branch of the Armed Forces of the United States and a surviving spouse as defined herein, during her widowhood or his widowerhood, and while a resident of this State, shall be entitled, annually, on proper claim being made therefor, to a deduction from the amount of any tax bill for taxes on real or personal property or both in the sum of[$50.00] $100 or if the amount of any such tax shall be less than [$50.00] $100, to a cancellation thereof.

(cf: P.L.1985, c.515, s.7.)

    2. This act shall take effect on the January 1 next following the approval by the people of the State of New Jersey of an amendment to Article VIII, Section 1, paragraph 3 of the Constitution of the State of New Jersey, as proposed and agreed to by the Legislature in Assembly Concurrent Resolution of 1994.

STATEMENT

    This bill proposes to increase the property tax deduction for certain veterans and certain surviving spouses of certain veterans from $50 to $100 per year.

Increases property tax deduction for certain veterans and their surviving spouses from $50 to $100.