New Jersey A4172 provides a gross income tax credit for certain totally and permanently disabled veterans for rent constituting property taxes.

New Jersey A4172 provides a gross income tax credit to certain totally and permanently disabled veterans for rent constituting property taxes. The credit applies to disabled veterans who occupy a unit of residential rental property as their principal residence. The bill also extends the credit to the surviving spouse of a deceased disabled veteran under certain conditions. The credit amount is applied against the tax due and, if it exceeds the tax due, it is considered an overpayment.

New Jersey A4172 provides a gross income tax credit for certain totally and permanently disabled veterans for rent constituting property taxes.

New Jersey A4172 provides a gross income tax credit to certain totally and permanently disabled veterans for rent constituting property taxes. The credit applies to disabled veterans who occupy a unit of residential rental property as their principal residence. The bill also extends the credit to the surviving spouse of a deceased disabled veteran under certain conditions. The credit amount is applied against the tax due and, if it exceeds the tax due, it is considered an overpayment.