Bill > A1123

Introduced Session

This bill amends the Fiscal Year 2024 annual appropriations act to provide that, for a completed application submitted under the ANCHOR Property Tax Relief Program by an eligible homestead owner or resident whose homestead is a unit of residential real property, the 2020 property tax benefit is to be paid as soon as possible, but not later than 30 days after the enactment of the bill or 30 days after the date on which the application is received, whichever is later, as a rebate to the eligible homestead owner or resident, subject to the approval of the Director of the Division of Budget and Accounting. The ANCHOR Property Tax Relief Program provides property tax relief to New Jersey residents who owned or rented their principal residence on October 1, 2020 and met certain income limits. Current law requires the 2020 property tax benefit to be paid to eligible recipients as soon as possible, but no later than May 2024.

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John DiMaio (R)*,  Michele Matsikoudis (R),  Alex Sauickie (R), 

Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee (on 01/09/2024)

Official Document