Bill
Bill > A5761
NJ A5761
NJ A5761Amends Fiscal Year 2024 annual appropriations act to extend ANCHOR benefits to certain individuals who make payments in lieu of property taxes.
summary
Introduced
11/30/2023
11/30/2023
In Committee
11/30/2023
11/30/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Amends Fiscal Year 2024 annual appropriations act to extend ANCHOR benefits to certain individuals who make payments in lieu of property taxes.
AI Summary
This bill amends the Fiscal Year 2024 annual appropriations act to extend the ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) property tax relief benefits to certain individuals who make payments in lieu of property taxes. The bill clarifies that the ANCHOR benefits can be provided to homestead owners and tenants on their principal residences, even if they have made payments in lieu of property taxes to their municipality. The bill also sets income eligibility thresholds for the ANCHOR benefits, with higher-income homeowners and renters either receiving reduced benefits or being excluded from the program altogether. The bill takes effect immediately and is retroactive to July 1, 2023.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 11/30/2023)
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/A5761 |
| BillText | https://pub.njleg.gov/Bills/2022/A6000/5761_I1.HTM |
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