Bill
Bill > S2472
summary
Introduced
05/11/2020
05/11/2020
In Committee
05/11/2020
05/11/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill would cap the interest rate for the redemption of a tax lien to nine percent per year. Current law caps that interest rate at 18 percent per year.
AI Summary
This bill caps the interest rate for the redemption of a tax lien at nine percent per year, down from the current 18 percent per year. The bill amends the existing law to reduce the maximum allowable interest rate that can be charged on the redemption of a tax lien.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Senate Community and Urban Affairs Hearing (10:00 5/28/2020 Register to Testify) (on 05/28/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/S2472 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/S2500/2472_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/S2500/2472_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/S2500/2472_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/S2500/2472_I1.PDF |
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