Bill
Bill > S979
summary
Introduced
01/31/2022
01/31/2022
In Committee
01/31/2022
01/31/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 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 9 percent per year, down from the current cap of 18 percent per year. The bill amends the existing law to replace the 18 percent per annum interest rate with a 9 percent per year interest rate for the redemption of tax liens.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/31/2022)
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/S979 |
| BillText | https://pub.njleg.gov/Bills/2024/S1000/979_I1.HTM |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1000/979_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1000/979_I1.PDF |
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