Bill Text: NJ S3278 | 2022-2023 | Regular Session | Amended
Bill Title: Concerns eligibility for senior freeze reimbursement if eligible claimant exceeds income limit.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2023-06-30 - Substituted by A4674 (1R) [S3278 Detail]
Download: New_Jersey-2022-S3278-Amended.html
Sponsored by:
Senator JEAN STANFIELD
District 8 (Atlantic, Burlington and Camden)
Senator ANTHONY M. BUCCO
District 25 (Morris and Somerset)
SYNOPSIS
Concerns eligibility for senior freeze reimbursement if eligible claimant exceeds income limit.
CURRENT VERSION OF TEXT
As reported by the Senate Budget and Appropriations Committee on June 27, 2023, with amendments.
An Act concerning the qualifications for receiving a homestead property tax reimbursement and amending P.L.1997, c.348.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 7 of P.L.1997, c.348 (C.54:4-8.74) is amended to read as follows:
7. [In] a. Except as provided in subsection b. of this section, in the event that a previously eligible claimant ceases to be an eligible claimant for any tax year, the base year for that claimant shall be the year prior to which the claimant again becomes an eligible claimant.
b. If, for any tax year, a person, who was in the prior tax year an eligible claimant, shall have income that exceeds the income limit for that tax year, that person shall not receive a homestead property tax reimbursement for that tax year but shall maintain their base year without change, as long as the person shall have income in the next immediately succeeding tax year that does not exceed the income limit for that tax year. If that person's income for 1[the next] any1 succeeding tax year exceeds the income limit for that tax year as well, the base year for that claimant shall be changed to be the year prior to which the claimant again becomes an eligible claimant.
(cf: P.L.1997, c.348, s.7)
2. This act shall take effect immediately.
