Revises definition of income for homestead property tax reimbursement and Stay NJ property tax benefit programs; modifies elements of Stay NJ property tax benefit program.

This bill updates the rules for New Jersey's homestead property tax reimbursement and Stay NJ property tax benefit programs by clarifying how income limits and eligibility are calculated. It specifically revises the definition of "base year" to determine when a person becomes eligible for these benefits and adjusts the criteria for counting residency after a homeowner moves to a new property. The legislation also refines the definitions of key terms, such as "dwelling house" and "disabled person," to ensure consistent application of the programs. These changes directly affect current and future applicants for tax relief by establishing clearer guidelines for who qualifies and under what income conditions.