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Bill

S 8057

Provides additional tax exemptions for two qualified veterans living in the same household

2025 Regular Session Introduced by Jamaal Bailey

Expands tax relief by adding exemptions for two qualified veterans who share a home, reducing state tax liability for eligible veteran households.

REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS
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Bill Summary · S 8057

Bill Summary: S 8057

Overview

  • Bill Number: S 8057
  • Title: Provides additional tax exemptions for two qualified veterans living in the same household
  • Sponsor: Jamaal Bailey (primary)
  • Status: Referred to the Committee on Veterans, Homeland Security and Military Affairs
  • Introduced: May 15, 2025
  • Related/Companion: A companion exists (A 2631); related prior-session bills include S 2025, S 3355, S 3812, S 5370, S 2840, S 3336, S 2570, S 3402
  • Legislative actions: On May 15, 2025, the bill was referred to the Veterans, Homeland Security and Military Affairs committee (duplicative entry of the same referral)

Purpose and Intent

  • The bill aims to expand or create tax relief by providing additional exemptions for two qualified veterans who live in the same household. The stated objective is to enhance tax benefits for veteran households where two veterans reside together.

Key Provisions (as described)

  • Based on the information provided, the bill would authorize an additional tax exemption or exemptions specifically for two qualified veterans who share a residence.
  • Specific elements such as:
    • Eligibility criteria defining who qualifies as a "qualified veteran" for these exemptions
    • The amount or value of the exemption(s)
    • The type of tax affected (e.g., income tax, property tax, or other state taxes)
    • Any caps, phase-outs, deadlines, or application procedures
    • How these exemptions interact with existing veteran-related exemptions or credits
    • Administrative responsibility (which agency administers the exemption and any required forms) are not detailed in the information provided.

Who Would Be Affected

  • Households that include two individuals who meet the standard of “qualified veteran” and reside in the same dwelling.
  • Potentially affects state tax liabilities and the administrative processes of taxpayers and state tax authorities.

Procedural and Timeline Aspects

  • Current status: Referred to the Committee on Veterans, Homeland Security and Military Affairs (on May 15, 2025). There are no further actions listed in the provided information.
  • Next steps (typical): Committee review, potential amendments, vote in committee, and subsequent floors (Senate and/or Assembly, depending on the legislative structure), and any conference if needed.

Fiscal and Administrative Considerations

  • The fiscal impact would depend on:
    • The exemption amount(s) and eligibility limits
    • The number of qualifying households
    • Any administrative costs to implement, verify, and audit exemptions
  • No dollar amounts or fiscal notes are provided in the summary.

Notes for Context

  • The existence of multiple related and companion bills suggests ongoing legislative interest in veterans’ tax relief and potential alignment with prior-session efforts.
  • Observers may want to monitor for defined eligibility criteria, exemption amounts, and any changes to existing veteran-related tax provisions as the bill progresses.

If you’d like, I can add a brief comparison with the related companion bill A 2631 or summarize typical provisions seen in similar veteran exemptions in other jurisdictions for context.

Compiled from official sources — confirm details with the bill’s official record.

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