ASSEMBLY, No. 1044

STATE OF NEW JERSEY

218th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2018 SESSION

 


 

Sponsored by:

Assemblyman  ERIC HOUGHTALING

District 11 (Monmouth)

Assemblywoman  JOANN DOWNEY

District 11 (Monmouth)

Assemblyman  JOHN DIMAIO

District 23 (Hunterdon, Somerset and Warren)

Assemblyman  PARKER SPACE

District 24 (Morris, Sussex and Warren)

 

Co-Sponsored by:

Assemblyman Harold J. Wirths

 

 

 

 

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

     Introduced Pending Technical Review by Legislative Counsel.

  


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, N.J.S.A.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 are 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 bill would allow the Division of Taxation to easily verify property tax information required annually of eligible claimants seeking a homestead property tax reimbursement without requiring the claimants to seek that information from local tax collectors.