SENATE SENIOR CITIZENS, VETERANS' AFFAIRS AND AGRICULTURE COMMITTEE

 

STATEMENT TO

 

SENATE COMMITTEE SUBSTITUTE FOR

SENATE, Nos. 367 and 1389

 

STATE OF NEW JERSEY

 

DATED: SEPTEMBER 19, 1996

 

      The Senate Senior Citizens, Veterans' Affairs and Agriculture Committee reports favorably a Senate Committee Substitute for Senate Bill Nos. 367 and 1389.

      This committee substitute increases the annual property tax deduction for certain veterans and surviving spouses of those veterans from $50 to $100. It would take effect on January 1 next following approval by the voters of an amendment to the New Jersey Constitution authorizing the increase.