Bill
S 1394
Increases amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments; increases property tax credit option for certain individuals.*
2024-2025 Regular Session
Introduced by Vin Gopal and 8 co-sponsors
New Jersey bill expands property tax relief by increasing rent-to-property-tax deductions and enhancing tax credits for renters and moderate-income individuals.
Referred to Senate Budget and Appropriations Committee