Earlier this week the Senate Community and Urban Affairs Committee advanced S-220, which extends the totally disabled veterans property tax exemption to be retroactive to the effective date of the determination of the veteran’s total disability by the United States Department of Veterans Affairs as well as require the State to reimburse municipalities for the amount of such property taxes returned to the totally disabled veteran. The legislation requires the municipal tax assessor to annually notify the Division of Taxation amount of totally disabled veterans’ property tax exemption. The State must reimburse the municipality 102% of the totally disabled veterans property tax exemptions paid.
We thank Senator Diegnan for supporting this legislation. The League adopted a Conference Resolution supporting such legislation. Our veterans proudly served the residents of the entire Country, not just the State and municipality; it is therefore appropriate that the Federal and State governments contribute towards the costs of this exemption. The legislation now awaits consideration by the full Senate.
Contact: Lori Buckelew, Assistant Executive Director, lbuckelew@njlm.org, 609-695-3481 x112.