Bill
Bill > A3184
NJ A3184
NJ A3184Requires municipalities to file copies of tax abatement and exemption agreements with county chief financial officer and county counsel within 10 days of execution.
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 require municipalities to file copies of all financial agreements permitting short-term property tax abatements and exemptions with the county chief financial officer and county counsel, within 10 days of adoption. Agreements permitting short-term property tax abatements are now required to be filed with the Division of Local Government Services in the Department of Community Affairs. Currently, the governing body of a municipality is required to report the total amount of real property taxes exempted and the total amount abated within the municipality in the current tax year to the Director of the Division of Local Government Services in the Department of Community Affairs and to the Director of the Division of Taxation in the Department of the Treasury. This bill would also require the governing body of a municipality to report, on or before October 1 of each year, to the chief financial officer of the county, and the county counsel.
AI Summary
This bill requires municipalities to file copies of any agreements that grant short-term property tax abatements or exemptions, which are reductions or waivers of property taxes, with the chief financial officer and county counsel of their respective counties within 10 days of the agreement being finalized. Previously, these agreements were filed with a state agency called the Division of Local Government Services. Additionally, municipalities will now have to report annually, by October 1st, to the county chief financial officer and county counsel, in addition to the state agencies they already report to, the total amount of property taxes that were exempted or abated within the municipality for the current tax year, providing more transparency and oversight at the county level regarding these financial incentives.
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/A3184 |
| BillText | https://pub.njleg.gov/Bills/2026/A3500/3184_I1.HTM |
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