WeVote
Log In

Bill

Bill

A 3169

Relates to the disclosure of information on the fiscal health of a condominium, cooperative apartment building or cooperative community

2025 Regular Session Introduced by Linda Rosenthal

Provides a property tax rebate for NJ veterans with service-connected disability (0-99%) up to $5,000, proportional to VA rating, with income cap and program caps.

REFERRED TO HOUSING
0
WeVote Research Nonpartisan
Bill Summary · A 3169

Summary — A3169 (Rosenthal)

Relates to disclosure of information on the fiscal health of a condominium, cooperative apartment building or cooperative community; provides a State property tax rebate for disabled veterans proportional to their VA disability rating.

(Note: committee substitute primarily implements a disabled-veteran property tax rebate program; the bill text also contains extensive statutory definitions and coverage for various housing types.)

Purpose / Intent

  • Provide targeted property tax relief to New Jersey veterans with a service‑connected disability rating less than 100% to ease financial burdens, help prevent veteran homelessness, and improve housing stability.
  • Make the rebate available to homeowners and certain renters (including condominium, cooperative, manufactured home, and continuing care retirement community residents) and coordinate administration with existing State property tax relief programs.

Key provisions

  • Eligibility
    • Veteran must have a service‑connected disability rating assigned by the U.S. Department of Veterans Affairs (0–100%); currently only those rated 100% are fully tax‑exempt under State law.
    • Gross income limit: eligibility capped at veteran household gross income of up to $200,000 (gross income is defined consistent with NJ gross income tax reporting, with specified inclusions).
  • Rebate calculation
    • Rebate equals the percentage of property taxes paid corresponding to the veteran’s VA disability rating (e.g., a 30% rating → rebate equal to 30% of property taxes paid), subject to limits below.
    • Rebate cannot exceed actual property taxes paid.
    • Maximum rebate capped at $5,000.
  • Interaction with other programs
    • Funding is subject to annual legislative appropriation (not an entitlement).
    • For veterans age 65+ who also qualify under the revised “Stay NJ” combined property tax relief form: if combined Stay NJ relief exceeds the rebate, the rebate is disallowed; if combined relief is less than or equal to rebate, both may apply but total benefits may not exceed 50% of the veteran’s tax bill and are capped at the Stay NJ program maximum.
    • For disabled veterans under 65 or veterans who rent and who also qualify for ANCHOR, Senior Freeze, or both: the veteran receives the greatest benefit available among ANCHOR, Senior Freeze, or the rebate (subject to other program limitations).
    • The rebate does not reduce or affect eligibility for the constitutional veterans’ deduction or the constitutional senior and disabled citizens’ deduction, and vice versa.
  • Administration
    • The rebate application must be included in the combined Stay NJ property tax relief application (single form for persons 65+).
    • Administered by the Director of the Division of Taxation (definitions and administrative authority included in bill text).

Who is affected

  • Primary: New Jersey veterans with a service‑connected disability rating less than 100% who own or rent qualifying homesteads and whose gross income is ≤ $200,000.
  • Secondary: Division of Taxation (administration), State budget (appropriation required), and existing property‑tax relief programs (coordination/interaction).

Fiscal and procedural notes

  • The program requires annual appropriations, so actual payments depend on Legislature action and available funding.
  • Caps ($5,000 per veteran; total benefits limits for seniors) constrain potential State cost.
  • Legislative status (selected actions):
    • Introduced in Assembly Jan 9, 2024; referred to Assembly Military & Veterans’ Affairs.
    • Committee substitute adopted Feb 13, 2025.
    • Reported Mar 17, 2025 and referred to Assembly Community Development & Women’s Affairs Committee; also referred to Housing (Jan 23, 2025 entries appear in the history).
  • Companion bill: S3084.

Potential impact

  • Would reduce property‑tax burdens for eligible disabled veterans proportional to their VA rating, improving affordability and potentially reducing veteran homelessness risk.
  • Fiscal exposure to the State is limited by the $5,000 cap, income eligibility threshold, and dependence on annual appropriations; administrative coordination with existing relief programs will be required.

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

Sign in to ask a question.