Bill
Bill > S878
NJ S878
NJ S878Permits board of education to accept donations for purpose of providing property tax relief.
summary
Introduced
01/27/2022
01/27/2022
In Committee
01/27/2022
01/27/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Permits board of education to accept donations for purpose of providing property tax relief.
AI Summary
This bill permits boards of education to accept donations for the purpose of providing property tax relief. It allows boards of education to establish a school property tax relief trust fund to accept bequests, legacies, and gifts, and use the net proceeds to reduce or offset the amount of local property taxes to be collected. The bill also requires the board to publish the amount of funding made available through the trust fund when providing notice of the public hearing on the school budget.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Education Committee (on 01/27/2022)
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/2022/S878 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1000/878_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1000/878_I1.PDF |
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