ASSEMBLY COMMUNITY SERVICES COMMITTEE
STATEMENT TO
ASSEMBLY, No. 942
STATE OF NEW JERSEY
DATED: FEBRUARY 15, 1996
The Assembly Community Service Committee reports favorably Assembly Bill No. 942.
This bill authorizes a tax exemption for improvements to dwelling houses which are designed to facilitate the use and accessibility of the house for permanently and totally disabled persons residing on the property.
The homeowner must file an application for exemption by October 1 of the pretax year and, if approved, the municipal assessor is directed to determine the assessed value of the improvements and subtract it from the total assessed value of the property. Once established, the eligibility for the exemption will remain in force for as long as the disabled person continues to reside in the dwelling and the dwelling is owned by a "qualified" permanent resident of the State.
The bill would not take effect unless and until a constitutional amendment is approved by the voters. Assembly Concurrent Resolution No. 42 (Felice) is the companion legislation, and is currently pending before the Assembly Appropriations Committee.
This bill was prefiled for introduction in the 1996-1997 session pending technical review. As reported, the bill includes the changes required by technical review which has been performed.