News Flash Home
The original item was published from 12/14/2020 11:37:28 AM to 12/16/2021 12:00:07 AM.

News Flash

Home

Posted on: December 14, 2020

[ARCHIVED] Disabled Veterans Property Tax with Reimbursement Advances

Earlier this week the Senate Community and Urban Affairs Committee advanced S-220, which extends the totally disabled veterans property tax exemption to be retroactive to the effective date of the determination of the veteran’s total disability by the United States Department of Veterans Affairs as well as require the State to reimburse municipalities for the amount of such property taxes returned to the totally disabled veteran. The legislation requires the municipal tax assessor to annually notify the Division of Taxation amount of totally disabled veterans’ property tax exemption. The State must reimburse the municipality 102% of the totally disabled veterans property tax exemptions paid.

We thank Senator Diegnan for supporting this legislation. The League adopted a Conference Resolution supporting such legislation. Our veterans proudly served the residents of the entire Country, not just the State and municipality; it is therefore appropriate that the Federal and State governments contribute towards the costs of this exemption. The legislation now awaits consideration by the full Senate.

Contact: Lori Buckelew, Assistant Executive Director, lbuckelew@njlm.org, 609-695-3481 x112.

Facebook Twitter Email

Other News in Home

CY 2022 Audit Deadline Extended

Posted on: May 12, 2023

House Passes Debt Limit Bill

Posted on: April 28, 2023

President Biden Proposes FY24 Budget

Posted on: March 10, 2023

SHBC Plan Design Committee Meeting Summary

Posted on: February 24, 2023

FY2023 Federal Omnibus Budget Passed

Posted on: January 9, 2023

SHBP Update: No Relief In New Year

Posted on: December 30, 2022

Federal Budget Update

Posted on: December 23, 2022

LEAP Grants Now Available

Posted on: December 23, 2022

Federal Budget Update

Posted on: December 19, 2022

State Health Benefits Update

Posted on: December 5, 2022

Revised Model Procurement Forms

Posted on: December 5, 2022

SHBP Rate Increase Adopted

Posted on: September 27, 2022

Blog Post: Available Federal Grants

Posted on: September 27, 2022

President Signs CHIPS and Science Act

Posted on: August 12, 2022

Ground Broken on Portal North Bridge

Posted on: August 8, 2022

Energy Tax Receipt Funding Update

Posted on: June 29, 2022

FY2023 Budget Update

Posted on: June 29, 2022