New Jersey / State / 2024-2025 Legislature
P.L.2025, c.326 (S4858 1R) Gave veterans, service members and military spouses an unlimited homestead exemption on two homes and protected their pensions, benefits and one vehicle from creditors
Enacted the New Jersey Veterans and Military Spouses Asset Protection Act, N.J.S.A. 2A:17-17.1 to 2A:17-17.6. The primary residence and one secondary residence of an honorably discharged veteran, a current service member or the spouse or surviving spouse of either are exempt from levy, execution and forced sale without a value limit if ownership is recorded, and retirement accounts, pensions, disability and veterans' benefits and one vehicle worth up to $30,000 are exempt from creditor claims. Mortgages, government debts and judgments for fraud or crime are excepted. Approved January 20, 2026, effective immediately and retroactive to January 1, 2025 for debts incurred or claims filed on or after that date.
Progress
Path to law: Bill in a two-chamber legislature
- Introduced Done, Senate
- In committee Done, Senate Military and Veterans' Affairs, then Assembly Judiciary
- Passed one chamber Done, Senate, 37-0
- Passed both chambers Done, Assembly, 73-0-0, substituted for A6000
- Signed by the governor Done,
- In effect Done,
Sponsors
- Vin Gopal
- Raj Mukherji
- Cleopatra G. Tucker
- Carol A. Murphy
- Verlina Reynolds-Jackson
- Nilsa I. Cruz-Perez
- Anthony M. Bucco
- Joe Danielsen
- William B. Sampson IV
What it touches
- N.J.S.A. 2A:17-17.3
- N.J.S.A. 2A:17-17.4
- N.J.S.A. 2A:17-17.5
Catalog entry
Official record
Read P.L.2025, c.326 (S4858 1R) on the jurisdiction's own record