New Jersey S 2149: Permits veteran's property tax deduction for tax year when veteran was previously qualified to receive deduction and became owner of real property after October 1 of pretax year.

Bill Text

S2149 

SENATE, No. 2149 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Senator PAUL D. MORIARTY

District 4 (Atlantic, Camden and Gloucester)

Co-Sponsored by:

Senator Burgess

SYNOPSIS

���� Permits veteran's property tax deduction for tax year 
when veteran was previously qualified to receive deduction and became owner of 
real property after October 1 of pretax year.

CURRENT VERSION OF TEXT 

���� Introduced Pending Technical Review by Legislative 
Counsel.

��

An Act concerning eligibility criteria for the veteran�s 
property tax deduction and amending P.L.1963, c.171.

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

���� 1.��� Section 6 of P.L.1963, 
c.171 (C.54:4-8.15) is amended to read as follows:

���� 6.��� a.� Every fact 
essential to support a claim for a veteran's deduction hereunder shall exist on 
October 1 of the pretax year and in the case of an application by a veteran 
such application shall establish that the claimant was, on October 1 of the 
pretax year, (a) a veteran, as herein defined, (b) the owner of the legal title 
to the property as to which the veteran's deduction is claimed and (c) a 
citizen and resident of this State and, in the case of an application by a 
surviving spouse, as herein defined, such application shall establish that the 
surviving spouse was, on October 1 of the pretax year, (a) the owner of the 
legal title to the property as to which the veteran's deduction is claimed, (b) 
that he or she has not remarried and (c) that he or she is a resident of this 
State.� For purposes of establishing a claim, a tenant shareholder in a 
cooperative or a mutual housing corporation shall be deemed the owner of legal 
title to his proportionate share of the taxable value of the real property of 
the corporation or any other entity holding title.� For the purpose of 
establishing a claim, a resident of a continuing care retirement community 
shall be deemed the owner of legal title to the share of the taxable value of 
the real property of the continuing care retirement community that is 
attributable to the unit that the resident occupies.

���� b.��� Notwithstanding the 
requirement in subsection a. of this section that a veteran shall be the owner 
of the legal title to the property as to which the veteran's deduction is 
claimed on October 1 of the pretax year, a veteran who becomes the owner of the 
legal title to a parcel of real property after October 1 of the pretax year, 
but not after December 31 of the pretax year, shall be eligible to receive the 
veteran�s property tax deduction for the tax year as long as the veteran was 
eligible to receive the veteran�s property tax deduction on any other parcel of 
real property in the State prior to October 1 of the pretax year.

(cf: P.L.2019, c.203, s.3)

���� 2.��� This act shall take 
effect immediately. 

STATEMENT

���� This bill would allow a 
veteran who becomes the owner of the legal title to a parcel of real property 
after October 1 of the pretax year to be eligible to receive the veteran�s 
property tax deduction on that parcel of real property for the tax year as long 
as the veteran was eligible to receive that property tax deduction on any other 
parcel of real property in the State prior to October 1 of the pretax year.� 
Under current law, a veteran must be the owner of the legal title to the 
property as to which a veteran's property tax deduction is claimed on October 1 
of the pretax year in order to be eligible to receive that property tax 
deduction for the tax year beginning the next January 1st.� This bill would 
prevent a veteran from becoming ineligible for the veteran�s property tax 
deduction if the veteran moved into a new home after October 1.