Bill > A3270

This bill converts the senior freeze reimbursement program into a credit program. The key provisions include: - Changing the term "reimbursement" to "freeze benefit" throughout the law to reflect the conversion to a credit program. - Allowing the Director of the Division of Taxation to extend the filing deadline for the homestead property tax freeze benefit for good cause shown. - Requiring the Director to pay the freeze benefit by applying credits to the local property tax account for eligible claimants, or as a rebate if the credit cannot be applied. - Prorating the freeze benefit amount if the homestead is transferred to a new owner during the tax year. - Authorizing the Director to promulgate rules and regulations to implement the appeals process for denied applications.

Government Affairs

https://www.njleg.state.nj.us/bill-search/2022/A3270