NJ S4271 | 2022-2023 | Regular Session
Note: Carry Foward to future S2312
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 4 2024 - 25% progression, died in committee
Action: 2024-01-04 - Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
Pending: Senate Community and Urban Affairs Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 4 2024 - 25% progression, died in committee
Action: 2024-01-04 - Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
Pending: Senate Community and Urban Affairs Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Allows projects supported by State or municipal affordable housing trust fund to be exempt from property tax and to instead contribute to municipal services by making payments in lieu of taxation.
Title
Allows projects supported by State or municipal affordable housing trust fund to be exempt from property tax and to instead contribute to municipal services by making payments in lieu of taxation.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-04 | Senate | Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee |
Same As/Similar To
S4271 (Carry Over) 2024-01-04 - Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
A5868 (Same As) 2024-01-08 - Passed by the Assembly (70-6-0)
A5868 (Same As) 2024-01-08 - Passed by the Assembly (70-6-0)
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2022/S4271 |
| Text | https://pub.njleg.gov/Bills/2022/S4500/4271_I1.HTM |
