A149 • 2026

Includes value of certain properties exempt from taxation in valuation used to calculate State school aid in SDA districts.

Education

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Fantasia, Dawn
Last action: 2026-01-13
Official status: Introduced, Referred to Assembly Education Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Includes value of certain properties exempt from taxation in valuation used to calculate State school aid in SDA districts.

What This Bill Does

Includes value of certain properties exempt from taxation in valuation used to calculate State school aid in SDA districts.
Topic: Education Fiscal note: This bill has been certified by OLS for a fiscal note.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-01-13 New Jersey Legislature
Introduced, Referred to Assembly Education Committee

Official Summary Text

Includes value of certain properties exempt from taxation in valuation used to calculate State school aid in SDA districts.
Topic:
Education
Fiscal note:
This bill has been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text

A149

ASSEMBLY, No. 149

STATE OF NEW JERSEY

222nd LEGISLATURE

�

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblywoman DAWN FANTASIA

District 24 (Morris, Sussex and Warren)

Assemblyman MICHAEL INGANAMORT

District 24 (Morris, Sussex and Warren)

SYNOPSIS

���� Includes value of certain properties exempt from
taxation in valuation used to calculate State school aid in SDA districts.

CURRENT VERSION OF TEXT

���� Introduced Pending Technical Review by Legislative
Counsel.

��

An Act
concerning the calculation of State aid in certain
school districts and supplementing P.L.2007, c.260
(C.18A:7F-43 et al.).

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.��� In the case of an SDA
district, EQVAL, as defined in section 10 of P.L.2007, c.260 (C.18A:7F-52)
shall include the value of any property exempt from taxation pursuant to the
provisions of P.L.1991, c.431 (C.40A:20-1 et seq.).

���� 2.��� This act shall take
effect immediately and shall first apply to the first full school year
following the date of enactment.

STATEMENT

���� Under the �School Funding
Reform Act of 2008,� P.L.2007, c.260 (C.18A:7F-43 et al.), a school district�s
State aid is determined, in part, by the district�s capacity to raise revenue
locally, as measured by the community�s equalized property valuation and
aggregate income.� In the case of property that is exempt from taxation under
the �Long Term Tax Exemption Law,� P.L.1991, c.431 (C.40A:20-1 et seq.), the
value of the property is omitted from the calculation.� This may lead a school
district that is located in a municipality with exempt property to receive a
greater amount of State aid at the expense of other districts.� This bill
requires that the value of property exempt from taxation under that law be
included when determining a community�s wealth for the purpose of determining
State school aid for an SDA (former Abbott) district.