This bill provides a 50% sales tax exemption for small retail businesses operating in municipalities affected by ongoing public highway projects. It applies to businesses with a fixed location offering goods or services (like retail stores or charter boat services) during the "relief period" - the time between when a highway project starts and ends. Businesses must apply to the Tax Division Director for approval, verifying their location within an impacted area. The exemption automatically ends 30 days after the Transportation Commissioner notifies the Tax Division that the highway project is complete.
This bill (A 1262) requires the State of New Jersey to reimburse local governments (municipalities, counties, school districts, and fire districts) for property taxes they cannot collect during the **first year** a veteran qualifies for a 100% service-connected disability property tax exemption. It directly affects veterans who meet specific disability criteria (like paraplegia, blindness, or amputation) and the local governments that lose tax revenue when these exemptions take effect. The key mechanism mandates that tax collectors submit documentation to the State Treasurer within 10 days of exemption approval, and the State must reimburse local entities within 10 days of each quarterly tax bill due date. This policy change ensures local governments are financially compensated for the initial tax loss, not subsequent years.
ACR 57 proposes a constitutional amendment to exempt the primary residence of a surviving spouse from property taxes if the spouse's partner was a first responder (law enforcement officer, firefighter, or emergency medical personnel) who died while performing duties. The exemption applies only if the property was the first responder's primary residence at the time of death, the surviving spouse cohabited under conditions that wouldn't have led to divorce, and the death wasn't due to the first responder's willful negligence. The exemption lasts as long as the surviving spouse owns and occupies the home as their primary residence and remains unmarried. It does not cover cases where the spouse remarries or if the first responder's death resulted from their own negligence.
This bill (A-3233) adjusts the New Jersey veterans' income tax exemption amount annually for inflation. It directly affects veterans honorably discharged from the U.S. Armed Forces, National Guard, or New Jersey Reserve. The exemption amount, currently $6,000, will be updated each year based on the Chained Consumer Price Index (C-CPI-U) for the 12-month period ending August 31 of the prior year. If inflation is zero, the exemption amount remains unchanged. The change applies to tax years starting in 2023 and beyond.
This bill (A 1068) expands eligibility for New Jersey's disabled veterans' property tax exemption to include certain individuals with a close personal relationship to a deceased veteran, beyond just legally married spouses. It adds specific criteria to the definition of "surviving spouse," requiring the person to have shared a residence with the veteran for three consecutive years before death, shared financial responsibilities (like joint ownership or accounts), and not been married to anyone else at the time of the veteran's death. To qualify, applicants must submit an affidavit verifying these conditions and provide supporting documentation. The exemption continues for the qualifying person during their widowhood/widowerhood, while they legally own and occupy the dwelling.
This bill eliminates a requirement for New Jersey veterans to have served in active duty or federal active duty to qualify for a $6,000 gross income tax exemption. It directly affects honorably discharged veterans of the U.S. Armed Forces, reserve components, and New Jersey National Guard members who previously needed active duty service to claim this exemption. The key change removes the phrase "in active duty status or federal active duty status" from the tax code, allowing all eligible honorably discharged veterans to claim the exemption regardless of their service status. The policy change applies to taxable years beginning after the bill's enactment.
This bill (S 3328) removes the property tax exemption for housing owned by school districts and occupied by faculty members. Currently, New Jersey law exempts certain school properties from property tax, but explicitly excludes "housing for faculty or other employees." This bill formally eliminates that exemption by amending the tax code to clarify that such faculty housing is no longer exempt. The change directly affects school districts that provide housing to faculty and the faculty members living in it, requiring them to pay property taxes on that housing. The key mechanism is a specific amendment to the state tax code (R.S.54:4-3.6) to remove the exclusion for faculty housing.
This bill removes a $100,000 spending limit on sales and use tax exemptions for businesses in New Jersey's Urban Enterprise Zone (UEZ) program. It directly affects qualified UEZ businesses that make capital improvements like building, repairing, or substantially upgrading their property. The key change eliminates the previous cap, allowing these businesses to claim full tax exemptions on all qualifying materials, supplies, and services used for eligible improvements - retroactive to January 1, 2022. This policy change applies to businesses with a valid UEZ certification (UZ-4) operating in designated zones.
This bill exempts sales and use taxes for fuel cell devices, systems, and related tangible personal property in New Jersey. It directly affects businesses and consumers purchasing fuel cells that generate power through non-combustive electrochemical processes (converting fuel and oxidant into electricity). The key mechanism creates a new tax exemption for sales of fuel cell-powered systems designed to provide heating, cooling, or electrical power, and extends existing exemptions for fuel cell-related natural gas use. The exemption applies to all sales, use, or billing periods starting four months after enactment, aligning with New Jersey’s existing tax code for energy-efficient technologies.
This bill creates a 20% tax credit against New Jersey's corporate business tax for investments in qualifying manufacturing equipment and facility improvements (including renovation, modernization, or expansion) at manufacturing facilities located in the state. The credit applies to costs for equipment using advanced technology to produce tangible goods and facilities where over half the property is manufacturing equipment. Unused credits can be carried forward for up to seven years. The bill ensures these investments cannot also claim other existing tax credits like the New Jobs Investment Tax Credit.
