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NJ A3804

NJ A3804
Increases distribution to municipalities from Energy Tax Receipts Property Tax Relief Fund over two years; prohibits anticipation of certain revenue in municipal budget; requires additional aid be subtracted from municipal property tax levy.


summary

Introduced
05/02/2022
In Committee
05/02/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Increases distribution to municipalities from Energy Tax Receipts Property Tax Relief Fund over two years; prohibits anticipation of certain revenue in municipal budget; requires additional aid be subtracted from municipal property tax levy.

AI Summary

This bill increases the distribution to municipalities from the Energy Tax Receipts Property Tax Relief Fund over two fiscal years. It prohibits municipalities from anticipating the additional aid when preparing their budgets and requires them to amend their budgets to properly reflect the increased funding, which must be used to reduce the municipal property tax levy. The bill also requires that the annual appropriations act provide at least the sum of Consolidated Municipal Property Tax Relief Aid and Energy Tax Receipts Property Tax Relief Aid paid to each municipality in fiscal year 2012, plus the additional amount determined in the bill.

Committee Categories

Government Affairs

Sponsors (36)

Daniel Benson (D)* Paul Moriarty (D)* Reginald Atkins (D),  Bob Auth (R),  Clinton Calabrese (D),  Ralph Caputo (D),  Linda Carter (D),  Robert Clifton (R),  Herbert Conaway (D),  Joe Danielsen (D),  Wayne DeAngelo (D),  DeAnne DeFuccio (R),  Roy Freiman (D),  Shama Haider (D),  Mila Jasey (D),  Angelica Jimenez (D),  Robert Karabinchak (D),  Jim Kennedy (D),  John McKeon (D),  Angela Mcknight (D),  Pedro Mejia (D),  Bill Moen (D),  Gabriela Mosquera (D),  Ellen Park (D),  Verlina Reynolds-Jackson (D),  Alex Sauickie (R),  Beth Sawyer (R),  Parker Space (R),  Bill Spearman (D),  Sterley Stanley (D),  Shavonda Sumter (D),  Lisa Swain (D),  Cleopatra Tucker (D),  Chris Tully (D),  Anthony Verrelli (D),  Harold Wirths (R), 

Last Action

Introduced, Referred to Assembly State and Local Government Committee (on 05/02/2022)

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