A 3127 New Jersey General Assembly · 2024-2025 Regular Session

Amends Fiscal Year 2024 annual appropriations act to extend ANCHOR Property Tax Relief Program eligibility to homestead owners and tenants who made payments in lieu of taxes.

This bill extends New Jersey's ANCHOR Property Tax Relief Program to include homestead owners and tenants who made payments in lieu of taxes (PILT) to their municipality. Currently, the program covers eligible homeowners and renters based on income, but the law didn't explicitly include those with PILT agreements - though the Division of Taxation has allowed it for tenants in rental properties. The bill formalizes this by adding "including principal residences on which a homestead owner or tenant made one or more payments in lieu of taxes" to the eligibility criteria. To qualify, applicants must submit an application to the Division of Taxation by March 1, 2024, with benefits based on 2019 property tax amounts.
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 State and Local Government Committee
lower
3 primary · 0 co-sponsors

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