BillTrack50 logo
Free Signup Login
Bill

Bill > A1453

NJ A1453

NJ A1453
Caps interest rate for redemption of tax lien at nine percent per year.

summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill would cap the interest rate for the redemption of a tax lien to nine percent per year. Current law caps that interest rate at 18 percent per year.

AI Summary

This bill would cap the interest rate for the redemption of a tax lien at nine percent per year, down from the current 18 percent per year. The bill amends the existing law to reduce the maximum allowable interest rate for redeeming a tax-liened property.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)
(2 Companion Bills)

bill text

bill summary

Loading...

bill summary

Loading...

bill summary

Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/A1453
BillText https://pub.njleg.gov/Bills/2024/A1500/1453_I1.HTM
Loading...