Requires State reimbursement to local government units for first-year uncollected property tax revenue attributable to veterans' property tax exemptions.

This bill requires the State of New Jersey to reimburse local governments (municipalities, counties, school districts, and fire districts) for property tax revenue lost during the **first tax year** when a veteran is approved for a 100% service-connected disability property tax exemption. It mandates that tax collectors provide the State with documentation of the uncollected taxes within 10 days of exemption approval, and the State Treasurer must issue reimbursement within 10 days of the next quarterly tax bill due date. The policy directly affects veterans who qualify for the exemption and the local governments that would otherwise lose revenue from their property taxes. It does not change the eligibility criteria for the veterans' exemption itself.