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Bill > SCR16
NJ SCR16
NJ SCR16Proposes constitutional amendment to increase additional taxes owed when farmland property is not used for agricultural or horticultural purposes.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
If approved by the voters of the State, this proposed constitutional amendment would increase the amount of additional taxes owed by the owner of farmland that is no longer used for agricultural or horticultural purposes. At this time, the Constitution requires that in any tax year, when land assessed as farmland for property tax purposes is used for a purpose other than agriculture or horticulture, it is subject to additional taxes for that tax year and the prior two tax years in an amount equal to the difference between the taxes due and payable on the basis of the assessment as farmland and the taxes that would have been paid or payable had the land been valued and assessed as otherwise provided in the Constitution. This proposed constitutional amendment would apply the additional taxes to the ten immediately preceding tax years.
AI Summary
This concurrent resolution proposes a constitutional amendment to increase the number of years that retroactive property taxes are owed when farmland is no longer used for agricultural or horticultural purposes. Currently, if farmland assessed at a lower rate for agricultural use is converted to another purpose, the owner owes additional taxes for the current year and the two preceding years, representing the difference between the farmland tax rate and the rate for other property. This amendment would extend that period to the current year and the ten preceding years, meaning owners would pay back taxes for a much longer period if they stop farming their land. This change aims to ensure that property owners who benefit from lower agricultural tax rates contribute more equitably if they cease farming.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/09/2024)
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/2024/SCR16 |
| BillText | https://pub.njleg.gov/Bills/2026/SCR/16_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/SCR/16_I1.HTM |
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