New Jersey S3518 allows gross income tax refunds to be credited against delinquent local property taxes.

New Jersey S3518 amends the "New Jersey Gross Income Tax Act" to allow gross income tax refunds to be credited against a taxpayer's delinquent local property taxes. This bill applies to refunds from the earned income tax credit, homestead rebates, and credits. The State Treasurer will credit the delinquent property taxes with the refund amount. If the refund exceeds the delinquency, the excess can be returned to the Victims of Crime Compensation Board or for child support. The act takes effect on July 1 of the year following its enactment.

New Jersey S3518 allows gross income tax refunds to be credited against delinquent local property taxes.

New Jersey S3518 amends the "New Jersey Gross Income Tax Act" to allow gross income tax refunds to be credited against a taxpayer's delinquent local property taxes. This bill applies to refunds from the earned income tax credit, homestead rebates, and credits. The State Treasurer will credit the delinquent property taxes with the refund amount. If the refund exceeds the delinquency, the excess can be returned to the Victims of Crime Compensation Board or for child support. The act takes effect on July 1 of the year following its enactment.