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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly State and Local Government Committee
lower
3 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Craig Coughlin
DDemocratic
P
Sterley Stanley
DDemocratic
P
Yvonne Lopez
DDemocratic
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