Requires State reimbursement to municipalities of cost of disabled veterans' total property tax exemption; increases amount of State reimbursement to municipalities for amount of veterans' property tax deduction.

Summary

The legislation directs New Jersey to pay each taxing district more than the full amount of tax breaks it gives to disabled veterans, covering both total property‑tax exemptions and other veteran deductions. It also sets reporting rules for assessors and county boards to certify the number of eligible veterans and the dollar value of the exemptions. The goal is to prevent local governments from bearing the fiscal burden of these veteran tax benefits.

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