Bill
Bill > A1248
NJ A1248
NJ A1248Includes payments in lieu of property taxes eligible as property taxes under the homestead property tax reimbursement program.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 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 in which the property is located eligible for homestead property tax reimbursement (also known as the "senior freeze" program). Under current law, only property owners who pay regular property taxes are eligible for this reimbursement. The bill also requires property owners to provide their PILOT statements along with their 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 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/A1248 |
| BillText | https://pub.njleg.gov/Bills/2024/A1500/1248_I1.HTM |
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