Revises statutes implementing certain property tax relief programs pursuant to recommendations promulgated by Stay NJ Task Force.

This bill creates the Stay NJ property tax credit program, providing eligible senior citizens (65+ years old) with a property tax credit equal to 50% of their property tax bill, up to a maximum of $6,500 for tax year 2026 (with annual adjustments based on property tax increases). The program targets New Jersey residents with annual income under $500,000 who own or rent their principal residence as a homestead. Eligible claimants will receive the greater of the Stay NJ credit or the combined ANCHOR rebate and homestead property tax reimbursement, with a single application process to replace current multiple programs. The credit will be implemented starting in 2026, with applications accepted February 1 through October 31 each year.