New Jersey A1488 makes property tax exemptions for 100% disabled veterans retroactive to the date of disability determination and requires state.

New Jersey A1488 amends existing law to make property tax exemptions for 100% disabled veterans retroactive to the effective date of the determination of total disability by the United States Department of Veterans’ Affairs. The bill requires municipalities to return all taxes collected on the veteran's property after the effective date of the determination of total disability and mandates that the State reimburse municipalities for the amount of such property taxes returned to the veteran.

New Jersey A1488 makes property tax exemptions for 100% disabled veterans retroactive to the date of disability determination and requires state.

New Jersey A1488 amends existing law to make property tax exemptions for 100% disabled veterans retroactive to the effective date of the determination of total disability by the United States Department of Veterans’ Affairs. The bill requires municipalities to return all taxes collected on the veteran's property after the effective date of the determination of total disability and mandates that the State reimburse municipalities for the amount of such property taxes returned to the veteran.