Permits municipalities to waive interest on certain delinquent property tax payments delivered after required due date.

This bill allows New Jersey municipalities to choose not to charge interest on property tax payments that arrive after the due date. It achieves this by amending existing state laws to give local governments the authority to waive interest penalties for late payments, particularly in specific situations. The legislation creates two main scenarios where interest must be waived: first, for residents affected by natural disasters like floods or hurricanes, and second, for individuals whose income was disrupted by a federal government shutdown. To implement these waivers, local governing bodies must pass a resolution, and in cases where the municipality is under state supervision, that resolution requires approval from the state director before it takes effect.