S2161 • 2026

Increases amounts of certain payments in lieu of taxes paid for lands owned by State or nonprofit organization for recreation and conservation purposes.

Budget Taxes

Passed Legislature

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

Sponsor: Moriarty, Paul D.
Last action: 2026-02-12
Official status: Referred to Senate Budget and Appropriations 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.

Increases amounts of certain payments in lieu of taxes paid for lands owned by State or nonprofit organization for recreation and conservation purposes.

What This Bill Does

Increases amounts of certain payments in lieu of taxes paid for lands owned by State or nonprofit organization for recreation and conservation purposes.
Topic: Budget and Appropriations 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

2026-02-12 New Jersey Legislature
Reported from Senate Committee, 2nd Reading
2026-02-12 New Jersey Legislature
Referred to Senate Budget and Appropriations Committee
2026-01-13 New Jersey Legislature
Introduced in the Senate, Referred to Senate Environment and Energy Committee

Official Summary Text

Increases amounts of certain payments in lieu of taxes paid for lands owned by State or nonprofit organization for recreation and conservation purposes.
Topic:
Budget and Appropriations
Fiscal note:
This bill has been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text

S2161 SEN Statement 2/12/26

SENATE ENVIRONMENT AND ENERGY COMMITTEE

STATEMENT TO

SENATE, No.
2161

STATE
OF NEW JERSEY

DATED:
�FEBRUARY
12, 2026

����� The Senate Environment and Energy Committee reports
favorably Senate Bill No. 2161.

����� This bill would increase the amounts of certain
payments in lieu of taxes (PILOTs) paid for lands owned by the State or a
nonprofit organization and preserved for recreation and conservation purposes
(open space lands).

����� Current law requires that the State pay a certain
amount annually to municipalities, in proportion to the acreage of open space
lands in the municipality.� Section 29 of P.L.1999, c.152 (C.13:8C-29) applies
to lands that are acquired using constitutionally dedicated corporation
business tax (CBT) revenues, and requires that, beginning 13 years after the
land was acquired, the State pay:

����� (1)� $2 per acre to municipalities that are comprised
of less than 20 percent open space lands;

����� (2)� $5 per acre to municipalities that are comprised
of between 20 percent and 40 percent open space lands;

����� (3)� $10 per acre to municipalities that are comprised
of between 40 percent and 60 percent open space lands; and

����� (4)� $20 per acre to municipalities that are comprised
of 60 percent open space lands or greater.

����� Section 30 of P.L.1999, c.152 (C.13:8C-30) applies to
open space lands that were not acquired using dedicated CBT funding.� It
establishes the same formula for PILOTs, but applies the formula regardless of
when the land was acquired.

����� This bill would increase the per-acre amounts in the
formulas in both sections of law to the following:

����� (1)� $3 per acre to municipalities that are comprised
of less than 20 percent open space lands;

����� (2)� $7.50 per acre to municipalities that are
comprised of between 20 percent and 40 percent open space lands;

����� (3)� $15 per acre to municipalities that are comprised
of between 40 percent and 60 percent open space lands; and

����� (4)� $40 per acre to municipalities that are comprised
of 60 percent open space lands or greater.

����� This bill was prefiled for introduction in the
2026-2027 session pending technical review.� As reported, the bill includes the
changes required by technical review, which has been performed.