[First Reprint]

ASSEMBLY, No. 4674

STATE OF NEW JERSEY

220th LEGISLATURE

 

INTRODUCED SEPTEMBER 29, 2022

 


 

Sponsored by:

Assemblyman  PAUL D. MORIARTY

District 4 (Camden and Gloucester)

Assemblyman  JOE DANIELSEN

District 17 (Middlesex and Somerset)

Assemblywoman  ANGELA V. MCKNIGHT

District 31 (Hudson)

Senator  JEAN STANFIELD

District 8 (Atlantic, Burlington and Camden)

Senator  ANTHONY M. BUCCO

District 25 (Morris and Somerset)

 

Co-Sponsored by:

Assemblywoman Dunn, Assemblymen Rooney, Space, Wirths, Wimberly, Assemblywomen Murphy, Pintor Marin, Mosquera, Assemblymen Umba, Tully, Assemblywomen Swain and Lopez

 

 

 

 

SYNOPSIS

     Concerns eligibility for senior freeze reimbursement if eligible claimant exceeds income limit.

 

CURRENT VERSION OF TEXT

     As reported by the Assembly Appropriations Committee on June 22, 2023, with amendments.

  


An Act concerning the qualifications for receiving a homestead property tax reimbursement and amending P.L.1997, c.348.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

      1.  Section 7 of P.L.1997, c.348 (C.54:4-8.74) is amended to read as follows:

     7.  [In] a.  Except as provided in subsection b. of this section, in the event that a previously eligible claimant ceases to be an eligible claimant for any tax year, the base year for that claimant shall be the year prior to which the claimant again becomes an eligible claimant.

     b.  If, for any tax year, a person, who was in the prior tax year an eligible claimant, shall have income that exceeds the income limit for that tax year, that person shall not receive a homestead property tax reimbursement for that tax year but shall maintain their base year without change, as long as the person shall have income in the next immediately succeeding tax year that does not exceed the income limit for that tax year.  If that person’s income for 1[the next] any1 succeeding tax year exceeds the income limit for that tax year as well, the base year for that claimant shall be changed to be the year prior to which the claimant again becomes an eligible claimant.

(cf:  P.L.1997, c.348, s.7)

 

     2.  This act shall take effect immediately.