Bill
Bill > A2094
NJ A2094
NJ A2094Requires municipalities comprised within regional school districts to share certain payments received in lieu of taxes with counties and regional school districts.
summary
Introduced
02/07/2022
02/07/2022
In Committee
02/07/2022
02/07/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill would require municipalities comprised within a regional school district to provide a portion of the amounts received in lieu of property taxation from urban renewal entities to the county and to the regional school district. A municipality that receives a payment in lieu of taxation from an urban renewal entity would be required to distribute a portion of the amount received, immediately upon receipt, to the county and to the regional school district based upon the distribution of the amount raised by taxation in the taxing district to those entities in the prior year.
AI Summary
This bill would require municipalities comprised within a regional school district to provide a portion of the payments they receive in lieu of property taxes from urban renewal entities to the county and the regional school district. Specifically, the municipality would have to distribute a portion of the payment in lieu of taxes, immediately upon receipt, to the county and the regional school district based on the prior year's distribution of the amount raised by taxation in the taxing district to those entities.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 02/07/2022)
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/A2094 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A2500/2094_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A2500/2094_I1.PDF |
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