Increases annual income limit for senior and disabled citizens' property tax deduction to $15,000.

This bill amends the New Jersey law to raise the annual income limit for eligibility to receive the $250 property tax deduction for senior and disabled citizens from $10,000 to $15,000. The change will take effect after voters approve a constitutional amendment authorizing the increase. The deduction applies to real property taxes for eligible residents aged 65 or older, or those under 65 who are permanently and totally disabled, provided their annual income does not exceed the specified limit.

Increases annual income limit for senior and disabled citizens' property tax deduction to $15,000.

This bill amends the New Jersey law to raise the annual income limit for eligibility to receive the $250 property tax deduction for senior and disabled citizens from $10,000 to $15,000. The change will take effect after voters approve a constitutional amendment authorizing the increase. The deduction applies to real property taxes for eligible residents aged 65 or older, or those under 65 who are permanently and totally disabled, provided their annual income does not exceed the specified limit.