New Jersey S3559 provides a gross income tax credit to totally and permanently disabled veterans for rent constituting property taxes.
New Jersey S3559 offers a gross income tax credit to certain totally and permanently disabled veterans for rent constituting property taxes. This credit applies to disabled veterans who rent residential property as their principal residence. The credit amount is equal to the rent paid for property taxes and is applied against the tax due under the New Jersey Gross Income Tax Act. The bill also extends the credit to the surviving spouses of deceased veterans under certain conditions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.