This New Jersey bill (A1150) creates a proportional property tax exemption for veterans with service-connected disabilities. It directly affects honorably discharged veterans whose disabilities (such as paralysis, blindness, or amputations) are certified by the VA as 25% to 100% service-connected. The exemption equals the veteran's disability percentage (e.g., 50% disability = 50% tax exemption) but caps partial exemptions at $15,000. To offset costs for local governments, the state must reimburse municipalities 102% of the tax revenue lost from these exemptions.
This bill provides New Jersey taxpayers with Corporation Business Tax (CBT) and Gross Income Tax (GIT) credits for completing qualifying construction projects on abandoned commercial buildings. Taxpayers can receive up to 25% of qualified construction costs (capped at $1 million per project) for activities like demolishing abandoned structures, building new commercial spaces, or cleaning up contaminated sites. To qualify, projects must occur on buildings over 100,000 square feet that have been abandoned, and the total credits across all projects cannot exceed $5 million. The credits apply to taxable years beginning after the bill’s effective date, with applications requiring certification from the Division of Taxation.
The Next Gen STEM Support Act establishes a state grant program to provide public schools in New Jersey with funding for STEM coursework, resources, and extracurricular activities. Public schools applying for grants must detail current STEM offerings, student participation, and resource needs, with funds limited to expanding existing or new STEM programs (capping professional training for educators at one-third of each grant). The program requires annual reports on fund usage and impact, allocates grants based on commissioner-developed criteria within a $100,000 annual budget cap, and prioritizes geographic and demographic diversity in school selection. This directly affects public schools seeking to enhance science, technology, engineering, and math education through state-funded support.
This bill requires New Jersey to reimburse municipalities for a portion of lost property tax revenue caused by exempting permanently disabled veterans' primary homes from property taxes. It directly affects disabled veterans who qualify for the total exemption (e.g., those with paraplegia, blindness, or amputations from service-connected disabilities) and the municipalities that collect property taxes. The state must pay each municipality 10% of the exempted tax amount annually, plus an additional 2% to cover administrative costs. Currently, municipalities bear the full cost of these exemptions without state reimbursement.
This bill establishes the "Food Desert Elimination Act" to incentivize supermarkets and grocery stores (18,000+ sq ft) to open in designated "food desert communities" - areas with limited access to fresh food, identified using USDA and CDC data. It provides property tax-based tax credits to businesses that open their *first* supermarket or grocery store in a designated food desert community, covering the full property tax assessed by the municipality for three years after opening. The New Jersey Economic Development Authority will designate up to 75 initial food desert communities, prioritizing areas with high poverty and limited healthy food access. This directly affects low-income residents in these communities by aiming to improve access to nutritious food through new retail options.
This New Jersey bill would create a tax credit for parents or guardians homeschooling children or dependents, allowing them to deduct up to $2,500 per child in qualified education expenses from their state income tax, with a maximum annual credit of $7,500. Taxpayers homeschooling a child with special needs would receive an additional $1,000 per child, raising the maximum annual credit to $10,500. Qualified expenses include textbooks, educational software, school supplies, internet fees, and materials like computers or desks used for homeschooling. The credit applies to taxpayers with gross income under $260,000 and requires filing an application if no tax is owed.
This bill establishes a 5-year pilot program offering New Jersey tax credits to homeowners who open their primary residences (with at least 10 acres of land suitable for hunting) to lawful hunting activities. Taxpayers receive $1,500 for the first 10 acres plus $200 per additional acre opened, provided the property is in an area with high wildlife incidents like road fatalities or property damage. Eligible homes must not have existing public access restrictions, and participants must allow hunting at least two days weekly during hunting seasons. The program prioritizes properties in high-incident zones and requires annual reporting of hunting activity and outcomes.
This bill allocates $750,000 from the General Fund to the Victims of Crime Compensation Office (VCCO) for a public awareness campaign. The campaign will inform crime victims about their rights under the Crime Victim’s Bill of Rights and available VCCO services, including compensation assistance. The funds are a supplemental appropriation added to the existing 2023 budget for the Department of Law and Public Safety. (Procedural bill; no new laws enacted.)
This New Jersey bill excludes military reenlistment and voluntary extension bonuses from state gross income tax. It directly affects active-duty service members in the U.S. Armed Forces who receive these bonuses while residing in New Jersey. The key provision amends state tax law to specifically exempt these bonuses from taxable income, meaning eligible service members won't pay state income tax on them. The change applies to taxable years beginning after the bill's enactment date.
This bill expands New Jersey's property tax exemption for veterans with service-connected disabilities. It directly affects honorably discharged veterans who have a permanent service-connected disability, including mental illness (previously excluded), and their surviving partners. The key change adds mental illness as a qualifying condition for a proportional property tax exemption based on the veteran's disability percentage (up to 100%). It also extends eligibility to surviving partners if the veteran developed a service-connected disability after death, allowing them to claim the exemption as if the veteran were still living. The exemption applies to the veteran's or surviving partner's primary residence, in addition to other existing property tax exemptions.
