This bill amends the existing homestead property tax reimbursement program in New Jersey to exclude veteran disability compensation from the income qualification limits. Specifically, it states that disability compensation received from the United States Department of Veterans Affairs for disabilities related to military service will not be counted as income when determining eligibility for the program. This change aims to make it easier for disabled veterans to qualify for property tax reimbursements, which are designed to assist eligible senior citizens and disabled individuals with property tax increases.

In addition to the exclusion of veteran disability compensation, the bill introduces a definition for "veteran," specifying that it refers to any citizen and resident of New Jersey who has been honorably discharged from active military service during wartime. The overall goal of the bill is to enhance the financial support available to disabled veterans by ensuring that their disability compensation does not hinder their eligibility for the homestead property tax reimbursement program. The bill is set to take effect immediately upon passage.

Statutes affected:
Introduced: 54:4-8.67