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Bill > A1646


NJ A1646

NJ A1646
"Homestead School Property Tax Reimbursement Act"; provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older.


summary

Introduced
01/11/2022
In Committee
01/11/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

"Homestead School Property Tax Reimbursement Act"; provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older.

AI Summary

This bill, the "Homestead School Property Tax Reimbursement Act," provides State reimbursement for 50% of school property taxes paid by seniors, 65 years and older, with annual incomes of $35,000 or less in the first year, $75,000 or less in the second year, and any amount in the third and following years. The bill defines key terms like "homestead," "eligible claimant," and "school portion of the property tax," and outlines the application process, administration, and penalties for violating the law. The reimbursement payments will be appropriated from the Casino Revenue Fund.

Committee Categories

Government Affairs, Health and Social Services

Sponsors (7)

Last Action

Introduced, Referred to Assembly Aging and Senior Services Committee (on 01/11/2022)

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