A 1123 New Jersey General Assembly · 2024-2025 Regular Session

Amends Fiscal Year 2024 annual appropriations act to require expedited payment of property tax benefit under ANCHOR Property Tax Relief Program.

This bill (A1123) changes the payment timeline for the ANCHOR Property Tax Relief Program in New Jersey. It requires that eligible applicants receive their 2020 property tax benefit as a rebate within 30 days of submitting a completed application (or 30 days after the bill's enactment, whichever is later), instead of the current requirement of "as soon as possible but no later than May 2024." The ANCHOR program provides property tax relief to qualifying homeowners and renters (with income limits) who owned or rented their principal residence on October 1, 2020. This change aims to accelerate payments to beneficiaries who meet program criteria.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
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1 primary · 2 co-sponsors

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