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 and recognizes that many of them face permanent disabilities that can hinder their ability to support themselves and their families. While New Jersey offers total property tax exemptions for veterans with 100% service-connected disabilities, similar assistance is not available to veterans in other states, highlighting the need for a nationwide solution.
The proposed legislation would grant veterans with service-connected disabilities 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. By enacting this legislation, the federal government would fulfill its obligation to support veterans who have selflessly served the nation.