New Jersey proposes a constitutional amendment to require state reimbursement to municipalities for property tax exemptions for veterans with.
New Jersey SCR84 proposes a constitutional amendment to require the state to reimburse municipalities for the total property tax exemption provided to veterans with permanent and total service-connected disabilities. Currently, these veterans qualify for a 100 percent exemption from paying property taxes, but the state does not reimburse municipalities for the lost revenue. This amendment would mandate annual state reimbursements to municipalities for the amount of the total property tax exemption provided to eligible veterans.
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