Bill Text: NJ A1651 | 2012-2013 | Regular Session | Introduced

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Bill Title: Extends eligibility for total property tax exemption to 100% disabled Cold War veterans; requires State to reimburse municipality for local tax revenue loss.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2012-01-10 - Introduced, Referred to Assembly Military and Veterans' Affairs Committee [A1651 Detail]

Download: New_Jersey-2012-A1651-Introduced.html

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ASSEMBLY, No. 1651

STATE OF NEW JERSEY

215th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2012 SESSION

 

 

Sponsored by:

Assemblyman  GORDON M. JOHNSON

District 37 (Bergen)

 

Co-Sponsored by:

Assemblyman DeAngelo

 

 

 

 

SYNOPSIS

     Extends eligibility for total property tax exemption to 100% disabled Cold War veterans; requires State to reimburse municipality for local tax revenue loss.

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel

  

An Act concerning the total property tax exemption for 100% disabled veterans, amending P.L.1971, c.398 and supplementing P.L.1948, c.259.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    Section 2 of P.L.1971, c.398 (C.54:4-3.33a) is amended to read as follows:

     2.    For the purposes of this act and the act hereby amended and supplemented "active service in time of war"  means the periods of time set forth in section 1(a) of chapter 171 of the laws of 1963, and chapter 165 of the laws of  1965, and shall include the Cold War period between February 4, 1945 and December 25, 1991, except that  "active service in time of war"  for World War II means active service at some time during December 7, 1941 to December 31, 1946.

(cf: P.L.1971, c.398, s.2)

 

     2.    (New section)  a.  On or before June 15 of each year, the tax collector of every municipality shall certify to the Director of the Division of Taxation in the Department of the Treasury the amount of property tax revenue lost within the municipality due to any disabled veteran's total property tax exemption in effect in that taxing district pursuant to P.L.1948, c.259 (C.54:4-3.30 et seq.) for the previous tax year.  The tax collector shall prorate any such revenue loss for such property that, in the previous tax year, was on the tax list for less than the entire year.

     b.    The State shall annually reimburse each municipality in an amount equal to the total amount of disabled veterans' property tax exemptions certified to the director pursuant to subsection a. of this section.

 

     3.    This act shall take effect immediately.

 

 

STATEMENT

 

     This bill would expand eligibility for the total property tax exemption to qualifying 100% disabled veterans who served during the Cold War period between February 4, 1945 and December 25, 1991.  Under existing law, the Cold War is not included in the definition of "active service in time of war" used to determine a veteran's eligibility for the exemption. 

     This bill would also require the State to reimburse each municipality for the amount of property taxes lost to the taxing district as a result of the statutory requirement to grant the total property tax exemption to qualifying 100% disabled veterans residing within the municipality.