Bill > A1189

This bill amends the existing law to increase the income eligibility limits for the homestead property tax reimbursement program, which provides a reimbursement for the difference between property taxes paid in a base year and a current year, for eligible claimants who are at least 65 years old or disabled, own or lease a homestead, and have resided in New Jersey for at least 10 consecutive years. Specifically, for tax year 2012, the income limit for single or married individuals will be $160,000 or less, and these limits will continue to be adjusted in subsequent years. The bill also makes a minor correction to the definition of "Lanham Act" by changing "Langham" to "Lanham" and adding a missing hyphen.