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Bill > A1224
NJ A1224
NJ A1224Limits long term tax exemptions in municipalities with school districts receiving certain State school aid.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill would amend the "Long Term Tax Exemption Law," P.L.1991, c.431 (C.40A:20-1 et seq.) to prohibit the exemption of property taxes for school purposes for any financial agreement for a project located in a municipality having a school district that is an SDA district on or after the effective date of the bill. The term "SDA district" is defined in section 3 of P.L.2000, c.72 as a school district that received education opportunity aid or preschool expansion in in the 2007-2008 school year. Effectively, the provisions of this bill would be limited to the school districts formerly known as "Abbott districts," which were affected by the New Jersey Supreme Court decisions in the line of Abbott v. Burke cases.
AI Summary
This bill amends the Long Term Tax Exemption Law to prohibit property tax exemptions for school purposes on projects located in municipalities with an "SDA district" (a school district that received specific state aid in the 2007-2008 school year, effectively former "Abbott districts") if the financial agreement for the project is executed on or after the bill's effective date. The bill clarifies that while other property taxes may still be exempted under existing agreements, school taxes will no longer be exempt for these specific districts under new agreements.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 01/13/2026)
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/2026/A1224 |
| BillText | https://pub.njleg.gov/Bills/2026/A1500/1224_I1.HTM |
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