Bill
Bill > A5762
NJ A5762
NJ A5762Includes payments in lieu of property taxes eligible as property taxes under the homestead property tax reimbursement program.
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
This bill would make a property owner who pays a payment in lieu of property taxes (PILOT) to the municipality in which the property owner's real property is located eligible for homestead property tax reimbursement (colloquially, "senior freeze"). Under current law, only property owners who pay property taxes are eligible for homestead property tax reimbursement payments.
AI Summary
This bill would make a property owner who pays a payment in lieu of property taxes (PILOT) to the municipality eligible for the homestead property tax reimbursement program (also known as the "senior freeze"). Under current law, only property owners who pay regular property taxes are eligible for this reimbursement. The bill amends the definition of "property tax" to include PILOT payments, and also requires applicants to provide PILOT statements in addition to property tax bills when applying for the reimbursement.
Committee Categories
Government Affairs
Sponsors (2)
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/A5762 |
| BillText | https://pub.njleg.gov/Bills/2022/A6000/5762_I1.HTM |
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