Bill
Bill > A5730
NJ A5730
NJ A5730Requires taxation as real property of improvements on publicly owned real property used for purpose and protection of public water supply.
summary
Introduced
11/20/2023
11/20/2023
In Committee
11/20/2023
11/20/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill would subject improvements, including buildings, dams, or other structures, located on land owned by counties, municipalities, and other municipal and public agencies of the State used for the purpose and for the protection of a public water supply, to taxation as real property by the municipality in which those improvements are located. The purpose of the bill is to provide property tax relief to municipalities in which publicly owned watershed land is located. Under current law, the land itself is subject to property taxation, but buildings or other improvements are not. However, improvements on privately owned watershed property are subject to property taxation. This bill would allow municipalities in which publicly owned watershed property is located to tax improvements thereon in the same manner as improvements on privately owned watershed land are taxed.
AI Summary
This bill would subject improvements, including buildings, dams, or other structures, located on land owned by counties, municipalities, and other municipal and public agencies of the State used for the purpose and protection of a public water supply, to taxation as real property by the municipality in which those improvements are located. The purpose of the bill is to provide property tax relief to municipalities in which publicly owned watershed land is located, as under current law, the land itself is subject to property taxation, but buildings or other improvements are not. This bill would allow municipalities to tax improvements on publicly owned watershed property in the same manner as improvements on privately owned watershed land are taxed.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 11/20/2023)
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/A5730 |
| BillText | https://pub.njleg.gov/Bills/2022/A9999/5730_I1.HTM |
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