Increases income eligibility limit for homestead property tax reimbursement program.

This bill raises the income eligibility limit for New Jersey's homestead property tax reimbursement program. It increases the annual income threshold from $80,000 to $160,000 for tax year 2017 (and subsequent years), allowing more seniors (65+) and disabled residents to qualify. The program reimburses eligible homeowners and renters for property tax differences between their base year and current year, based on income and residency requirements. It directly affects low-to-moderate-income residents who own or rent qualifying homes as their primary residence.