New Jersey S2102 prohibits properties benefiting from certain state assistance programs from receiving property tax exemptions.

New Jersey S2102 prohibits properties that received benefits under the "Grow New Jersey Assistance Act" or the "New Jersey Economic Stimulus Act of 2009" from being eligible for property tax exemptions under the "Five-Year Exemption and Abatement Law" or the "Long Term Tax Exemption Law." This bill aims to ensure that properties which have already benefited from public funds do not receive additional tax benefits. The act takes effect immediately upon enactment.

New Jersey S2102 prohibits properties benefiting from certain state assistance programs from receiving property tax exemptions.

New Jersey S2102 prohibits properties that received benefits under the "Grow New Jersey Assistance Act" or the "New Jersey Economic Stimulus Act of 2009" from being eligible for property tax exemptions under the "Five-Year Exemption and Abatement Law" or the "Long Term Tax Exemption Law." This bill aims to ensure that properties which have already benefited from public funds do not receive additional tax benefits. The act takes effect immediately upon enactment.