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.
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