New Jersey S1833 eliminates Energy Tax Receipts Property Tax Relief Aid and Consolidated Municipal Property Tax Relief Aid, establishing the.
New Jersey S1833 eliminates the Energy Tax Receipts Property Tax Relief Aid and Consolidated Municipal Property Tax Relief Aid programs. It establishes the Municipal Property Tax Relief Fund, which will receive state revenues currently deposited into the Energy Tax Relief Property Tax Relief Fund. The bill requires that no municipality shall receive less than the amount received in Energy Tax Receipts Property Tax Relief Aid in calendar year 2024 or State fiscal year 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.