New Jersey bill allows property tax rebate for disabled veterans.
The New Jersey bill allows property tax rebates for disabled veterans, providing relief based on the percentage of their service-connected disability. The rebate is capped at $5,000 and is limited to veterans with a gross income of up to $200,000. The amount of the rebate cannot exceed the amount of property taxes paid. The bill ensures that the rebate does not impact or reduce a veteran’s ability to receive the constitutional veterans’ property tax deduction or the constitutional senior and disabled citizens’ property tax deduction.
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