Bill Text: NJ A4162 | 2016-2017 | Regular Session | Introduced
Bill Title: Requires Director of Division of Taxation to examine feasibilty of centralized property tax information system to verify property taxes paid by homestead property tax reimbursement claimants.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2017-03-20 - Reported out of Assembly Committee, 2nd Reading [A4162 Detail]
Download: New_Jersey-2016-A4162-Introduced.html
Sponsored by:
Assemblyman ERIC HOUGHTALING
District 11 (Monmouth)
Assemblywoman JOANN DOWNEY
District 11 (Monmouth)
SYNOPSIS
Requires Director of Division of Taxation to examine feasibility of centralized property tax information system to verify property taxes paid by homestead property tax reimbursement claimants.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning the homestead property tax reimbursement program.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. The Director of the Division of Taxation in the Department of Treasury shall examine the feasibility of establishing, for the administration of the homestead property tax reimbursement program, P.L.1997, c.348 (C.54:4-8.67 et al.), a centralized property tax data system that would assist the division in verifying the amount of property tax paid on any homestead in any base year, and in any year for which an eligible claimant seeks a reimbursement. Upon the completion of the director's examination, the director shall prepare a written report containing the director's findings. The report shall be transmitted to the Governor and to the Legislature, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), no later than six months following the effective date of this section.
b. If the director concludes, pursuant to subsection a of this section, that a centralized property tax data system is feasible, the report shall enumerate the director's recommendations for changes to statutory law or regulations necessary to implement the system. If the director determines that no changes to statutory law or regulations are necessary to implement a centralized property tax data system, the director shall implement such a system no later than the first day of the fourth month next following the date of the director's transmission of the report to the Governor and the Legislature.
2. This act shall take effect immediately.
STATEMENT
This bill would require the Director of the Division of Taxation in the Department of Treasury to examine the feasibility of establishing, for the administration of the homestead property tax reimbursement program, P.L.1997, c.348 (C.54:4-8.67 et al.), a centralized property tax data system that would assist the division in verifying the amount of property tax paid on any homestead in any base year, and in any year for which an eligible claimant seeks a reimbursement. Upon the completion of the director's examination, the director must prepare a written report explaining his findings and must transmit that report to the Governor and the Legislature, no later than six months following the effective date of the bill.
If the director concludes that a centralized property tax data system is feasible, the report must enumerate the director's recommendations for any changes to statutory law or to regulations to implement the system. If the director determines that no changes to statutory law or to regulations shall be necessary to implement a centralized property tax data system, the director must implement that system no later than the first day of the fourth month next following the date of the director's transmission of the report to the Governor and the Legislature.
The purpose of this bill is to allow the Division of Taxation to easily verify property tax information required annually of eligible claimants seeking a homestead property tax reimbursement pursuant to N.J.S.A.54:4-8.67 et al., without requiring that those eligible claimants seek that information and assistance from local tax collectors in order to provide the information on the application form as required by the Division of Taxation.
