SENATE, No. 2178







By Senators CONNORS, CIESLA, Singer, McNamara and Cafiero



An Act concerning disabled veterans' property tax exemptions and supplementing P.L.1948, c.259.


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


    1. On or before June 15 of each year the tax collector of every municipality shall certify to the Director of the Division of Taxation, in the Department of the Treasury the amount of property tax revenue lost within the municipality due to any disabled veterans' total property tax exemptions in effect in that taxing district pursuant to P.L.1948, c.259 (C.54:4-3.30 et seq.) for the previous tax year. The tax collector shall pro rate any such revenue loss for such property that was on the tax list in the previous tax year for less than the entire tax year.


    2. The State annually shall reimburse each taxing district in an amount equal to 102 percent of the amount of any disabled veterans’ total property tax revenue loss granted in that taxing district pursuant to P.L.1948, c.259 (C.54:4-3.30 et seq.), in accordance with the certification of the tax collector submitted pursuant to section 1 of P.L. , c. (C. ) (now pending before the Legislature as this bill).


    3. This act shall take effect immediately.





    This bill would require the State to reimburse municipalities for the amount of taxes lost due to properties owned by disabled veterans claiming the totally disabled veterans' tax exemption. The bill requires the reimbursement of an extra 2% of the taxes lost due to the exemption to cover the cost to the municipality to administer the exemption program



Provides reimbursement to municipalities for taxes lost due to totally disabled veterans' tax exemption and administrative expenses.