Bill > S08940

This bill establishes the Shovel-Ready Housing Program, which allows certain municipalities to pre-authorize parcels of property for the construction of housing. The bill also creates a Shovel-Ready Community Tax Rebate for taxpayers residing in participating municipalities, with the amount of the rebate based on the taxpayer's income and the STAR (School Tax Relief) tax savings. Additionally, the bill provides for annual infrastructure grants to municipalities that have certified their participation in the Shovel-Ready Housing Program, with the grant amount being double the municipality's previous year's allocation of CHIPS (Consolidated Local Street and Highway Improvement Program) funds.