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. The resolution emphasizes the need for a federal solution to ensure equitable property tax relief for all veterans based on the severity of their disabilities.
The proposed legislation would grant veterans with service-connected disabilities an annual property tax benefit proportional to the property taxes they pay, determined by their disability rating from the Department of Veterans Affairs. To target assistance effectively, the relief 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 sacrificed their well-being for the nation.