The resolution urges the President and Congress of the United States to enact federal legislation that would provide proportional property tax relief for honorably discharged veterans who have a service-connected permanent disability. It acknowledges the sacrifices made by veterans in service to the nation and highlights the financial challenges faced by those with permanent disabilities. While New Jersey offers total property tax exemptions for veterans with 100% service-connected disabilities, many veterans in other states do not receive similar assistance, creating a disparity in support.
The proposed legislation would allow veterans with service-connected disabilities to receive an annual property tax benefit based on a percentage of the property taxes they pay, determined by their disability rating from the Department of Veterans Affairs. To ensure that the relief targets those most in need, the benefits would be limited to veterans with an annual income of up to $200,000 and would apply only to their principal residences. This initiative aims to provide essential financial support to veterans, honoring their service and sacrifice while promoting a stable quality of life.