New Jersey A5003 establishes a 90-day tax amnesty period ending January 15, 2027, dedicating collected revenues for Stabilization Aid to school.

New Jersey A5003 establishes a 90-day tax amnesty period, ending no later than January 15, 2027, allowing taxpayers to pay overdue state taxes with reduced penalties. The bill dedicates collected revenues to the Stabilization Aid Account for providing aid to school districts experiencing reduced state aid. It appropriates up to $15 million for the program's administration. Taxpayers under criminal investigation for state tax matters are ineligible. The bill also mandates expedited procurement of advertising services for the amnesty program.

New Jersey A5003 establishes a 90-day tax amnesty period ending January 15, 2027, dedicating collected revenues for Stabilization Aid to school.

New Jersey A5003 establishes a 90-day tax amnesty period, ending no later than January 15, 2027, allowing taxpayers to pay overdue state taxes with reduced penalties. The bill dedicates collected revenues to the Stabilization Aid Account for providing aid to school districts experiencing reduced state aid. It appropriates up to $15 million for the program's administration. Taxpayers under criminal investigation for state tax matters are ineligible. The bill also mandates expedited procurement of advertising services for the amnesty program.