New Jersey voters approve tax deduction for some veterans

New Jersey voters agreed to a ballot question to let veterans living in retirement communities get a $250 property tax deduction.

News 12 Staff

Nov 6, 2019, 3:55 AM

Updated 1,626 days ago

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New Jersey voters approve tax deduction for some veterans
(AP) - New Jersey voters agreed to a ballot question to let veterans living in retirement communities get a $250 property tax deduction.
The question was the only statewide referendum on Tuesday's ballot.
Legislative estimates show the deduction would carry a cost to taxpayers of $350,000 to $550,000 annually. That's just a small fraction of the state's roughly $39 billion budget.
It's unclear, though, exactly how many beneficiaries the expanded deduction would affect.
(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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