state_legiscan_drain · NJ
Increases amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments; increases property tax credit option for certain individuals.
January 13, 2026
Summary
If enacted, this bill would increase the amount of rental payments considered as rent constituting property taxes for purposes of the deduction from gross income for property tax payments. It would also increase the property tax credit option for certain individuals. This affects New Jersey taxpayers who rent or own property.
Source: https://www.njleg.state.nj.us/bill-search/2026/S1759
Common questions
- What does "Increases amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments; increases property tax credit option for certain individuals." cover?
- If enacted, this bill would increase the amount of rental payments considered as rent constituting property taxes for purposes of the deduction from gross…
- When was it published?
- It was published on January 13, 2026.