Bill Text: NJ AR165 | 2024-2025 | Regular Session | Introduced
Bill Title: Urges President and Congress of United States to enact federal legislation providing proportional property tax relief for honorably discharged veterans having a service-connected permanent disability.
Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: (Passed) 2024-10-28 - Filed with Secretary of State [AR165 Detail]
Download: New_Jersey-2024-AR165-Introduced.html
Sponsored by:
Assemblyman LOUIS D. GREENWALD
District 6 (Burlington and Camden)
Assemblyman CRAIG J. COUGHLIN
District 19 (Middlesex)
Assemblywoman CLEOPATRA G. TUCKER
District 28 (Essex and Union)
Assemblyman DAN HUTCHISON
District 4 (Atlantic, Camden and Gloucester)
SYNOPSIS
Urges President and Congress of United States to enact federal legislation providing proportional property tax relief for honorably discharged veterans having a service-connected permanent disability.
CURRENT VERSION OF TEXT
As introduced.
An Assembly Resolution urging the President and Congress of the United States to enact federal legislation providing proportional property tax relief for certain disabled veterans.
Whereas, The United States of America and the State of New Jersey are forever grateful to the men and women who serve in the Armed Forces of the United States and who sacrifice their lives to protect the freedoms enjoyed by all citizens of this nation; and
Whereas, In the course of their selfless sacrifice for this nation, many veterans unfortunately experience permanent disabilities that can limit their ability to support themselves and their families; and
Whereas, In recognition of the sacrifice and service of these veterans, it is the responsibility of the federal government to ensure that veterans with service-connected disabilities receive the benefits necessary to enjoy a stable quality of life, without the fear of suffering catastrophic financial hardship; and
Whereas, While the State of New Jersey currently provides crucial tax relief to these veterans in the form of a total property tax exemption for veterans with 100 percent service-connected disabilities, this assistance is unfortunately unavailable to many veterans who live with similar disabilities in other states; and
Whereas, To ensure that all veterans throughout the country receive property tax relief commensurate with the severity of their disabilities, there is an urgent need for the federal government to enact legislation to provide proportional property tax relief for honorably discharged veterans having a service-connected permanent disability; and
Whereas, The provision of proportional property tax relief would entitle veterans with a service-connected disability to an annual property tax benefit based on a designated percentage of the property taxes paid by the veteran, as determined by the veteran's disability rating assigned by the United States Department of Veterans Affairs; and
Whereas, However, to ensure that these benefits target the veterans most in need of assistance, this proportional property tax relief should be limited to those veterans with annual income up to $200,000, and the federal benefits should only be provided for the principal residences of eligible veterans; and
Whereas, In providing this proportional property tax relief, the federal government would honor its duty and obligation to support the selfless men and women who sacrificed their well-being for the betterment of this great nation; now, therefore,
Be It Resolved by the General Assembly of the State of New Jersey:
1. The President and Congress of the United States are urged to enact federal legislation to provide proportional property tax relief for honorably discharged veterans having a service-connected permanent disability.
2. Copies of this resolution, as filed with the Secretary of State, shall be transmitted by the Clerk of the General Assembly to the President and Vice President of the United States, the Majority and Minority Leaders of the United States Senate, the Speaker and Majority and Minority Leaders of the United States House of Representatives, and each member of the United States Congress elected from this State.
STATEMENT
This resolution urges the President and Congress of the United States to enact federal legislation to provide proportional property tax relief for honorably discharged veterans having a service-connected permanent disability.
The United States of America and the State of New Jersey are forever grateful to the men and women who serve in the Armed Forces of the United States and who sacrifice their lives to protect the freedoms enjoyed by all citizens of this nation. However, in the course of their selfless sacrifice for this nation, many veterans unfortunately experience permanent disabilities that can limit their ability to support themselves and their families.
In recognition of the sacrifice and service of these veterans, it is the responsibility of the federal government to ensure that veterans with service-connected disabilities receive the benefits necessary to enjoy a stable quality of life, without the fear of suffering catastrophic financial hardship.
While the State of New Jersey currently provides crucial tax relief to these veterans in the form of a total property tax exemption for veterans with 100 percent service-connected disabilities, this assistance is unfortunately unavailable to veterans who live with similar disabilities in other states. To ensure that all veterans throughout the country receive property tax relief commensurate with the severity of their disabilities, there is an urgent need for the federal government to enact legislation to provide proportional property tax relief for honorably discharged veterans having a service-connected permanent disability.
The provision of proportional property tax relief would entitle veterans with a service-connected disability to an annual property tax benefit based on a designated percentage of the property taxes paid by the veteran, as determined by the veteran's disability rating assigned by the United States Department of Veterans Affairs. However, to ensure that these benefits target the veterans most in need of assistance, this proportional property tax relief should be limited to those veterans with annual income up to $200,000, and the federal benefits should only be provided for the principal residences of eligible veterans. In providing this proportional property tax relief, the federal government would honor its duty and obligation to support the selfless men and women who sacrificed their well-being for the betterment of this great nation.
