S.1076

New Jersey S1076 grants property tax exemptions to honorably discharged veterans with service-connected disabilities.

New Jersey S1076 provides a proportional property tax exemption for honorably discharged veterans with service-connected disabilities. The exemption is based on the disability percentage rating, with a cap of $15,000 for those with less than a 100 percent rating. Veterans with a 100 percent disability rating are exempt in full, without a cap. The bill also extends the exemption to unemployable veterans with less than a 100 percent disability rating, granting them a 100 percent exemption. The property tax exemption can extend to the surviving spouse of a veteran.