The "Municipal Volunteer Property Tax Reduction Act"; permits certain municipal property owners to perform volunteer services in return for property tax vouchers.

The "Municipal Volunteer Property Tax Reduction Act" would allow New Jersey municipalities to create programs enabling residents aged 60 or older - after owning and living in their primary residence in the municipality for at least 15 years - to volunteer for non-salaried municipal work in exchange for property tax credits. Volunteers would earn credits at the state minimum wage rate, capped at $1,000 annually, delivered as non-transferable vouchers to offset municipal property taxes on their primary residence in the same tax year. Credits cannot be carried over to future years, and vouchers cannot be applied to taxes due in subsequent years. Municipalities must report programs to the state within three business days and cannot use volunteers for positions with budgeted salaries.