Prohibits certain property from receiving property tax exemption or abatement.

This bill prohibits properties that received benefits under the "Grow New Jersey Assistance Act" (2011) or the "New Jersey Economic Stimulus Act of 2009" from qualifying for property tax exemptions or abatements under two existing laws: the "Long Term Tax Exemption Law" and the "Five-Year Exemption and Abatement Law." It directly affects property owners who utilized these specific state economic development incentives to fund property improvements. The key provision blocks additional tax relief for such properties, as they have already received public funding to increase their value. The bill aims to prevent double benefits from state incentive programs and local tax exemptions.