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S4379
SENATE, No. 4379
STATE OF NEW JERSEY
222nd LEGISLATURE
�
INTRODUCED JUNE 1, 2026
Sponsored by:
Senator� CARMEN F. AMATO, JR.
District 9 (Ocean)
SYNOPSIS
���� Extends from October 31 to December 31 deadline to
file combined application for ANCHOR, homestead property tax reimbursement, and
Stay NJ property tax benefits.
CURRENT VERSION OF TEXT
���� As introduced.
��
An Act
extending the deadline to file
an application for certain property tax benefits and amending P.L.2023, c.75.
����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:
���� 1.� Section 4 of P.L.2023,
c.75 (C.54:4-8.75d) is amended to read as follows:
���� 4.� a.� Not later than
February 1, 2025, the director shall promulgate a combined single application
form consistent with the requirements of section 6 of P.L.2023, c.75
(C.54:4-8.75f) and the recommendations of the Stay NJ Task Force established
pursuant to section 18 of P.L.2023, c.75 (C.54:4-8.75o) that shall be available
on and after that date to be used by State residents to apply for the Stay NJ
property tax credit, the ANCHOR property tax rebate, and the homestead property
tax reimbursement program.� Applications shall be accepted by the Director of
the Division of Taxation from February 1 through
[
October
]
December
31 of each
year.� State residents seeking property tax benefits under those programs shall
complete the entire application and file it with the director.� The director
shall determine the amount of the Stay NJ property tax credit, ANCHOR rebate,
and homestead property tax reimbursement, as applicable, provided to each
applicant pursuant to the requirements of subsection b. of this section.
���� b.� The director shall
calculate the amount of each property tax benefit provided to an eligible
claimant for each tax year in the following manner:
���� (1)� if the eligible claimant
qualifies for an ANCHOR rebate, the director shall first determine the amount
of the eligible claimant's ANCHOR rebate for the tax year, the full amount of
which shall be paid to the eligible claimant;
���� (2)� if the eligible claimant
qualifies for a homestead property tax reimbursement, the director shall next
determine the amount of the eligible claimant's homestead property tax
reimbursement for the tax year, the full amount of which shall be paid to the
eligible claimant;
���� (3)� if the eligible claimant
qualifies for a Stay NJ property tax credit, the director shall then determine
the amount of the eligible claimant's Stay NJ property tax credit for the tax
year, of which the eligible claimant shall be paid an amount equal to 50
percent of the property taxes billed to the eligible claimant, up to the
maximum amount permitted under section 3 of P.L.2023, c.75 (C.54:4-8.75c), less
the amounts paid to the eligible claimant pursuant to paragraphs (1) and (2) of
this subsection.
���� c.� (Deleted by amendment,
P.L.2024, c.88)
���� d.� (1)� The director shall
determine the amount of the Stay NJ property tax credit that shall be provided
for each eligible claimant pursuant to P.L.2023, c.75 (C.54:4-8.75a et al.)
based upon the information provided by the eligible claimant in the application
or from any other information as may be available to the director and shall
notify the applicant of the determined amount, in writing and at such time as
the director may deem appropriate, together with a detailed calculation of the
amount that the eligible claimant is entitled to receive pursuant to subsection
b. of this section.
���� (2)� The format of the written
information to be provided by the director shall be determined by the director
and shall, at a minimum, display:� (a) the amount of the eligible claimant's
property tax bill for the tax year; (b) the amount of the ANCHOR rebate,
homestead property tax reimbursement, and Stay NJ property tax credit, as
applicable, that the eligible claimant is entitled to receive; and (c) the
actual property taxes that the eligible claimant shall pay in the tax year
after any property tax credits are applied against the eligible claimant's
property tax bill.
���� (3)� Subject to the provisions
of the State Uniform Tax Procedure Law, R.S.54:48-1 et seq., such notification
shall finally and irrevocably fix the amount of the Stay NJ property tax credit
unless the applicant, within 90 days after having been given notice of such
determination, shall apply to the director for a hearing or unless the director
shall redetermine the same.� After such hearing, the director shall give notice
of the final determination to the applicant.
���� e.� An eligible claimant for a
Stay NJ property tax credit authorized under P.L.2023, c.75 (C.54:4-8.75a et
al.) who is aggrieved by any decision, order, finding, or denial by the
director of all or part of that eligible claimant's Stay NJ property tax credit
may appeal therefrom to the New Jersey Tax Court in accordance with the
provisions of the State Uniform Tax Procedure Law, R.S.54:48-1 et seq.� The
appeal provided by this section shall be the exclusive remedy available to an
applicant for review of a decision of a director in respect to the
determination of all or a part of a Stay NJ property tax credit authorized
under P.L.2023, c.75 (C.54:4-8.75a et al.).
(cf:� P.L.2024, c.88, s.3)
���� 2.� This act shall take effect
immediately.
STATEMENT
���� This bill extends the annual
deadline for applicants to file the combined application for property tax
benefits under the Affordable New Jersey Communities for Homeowners and Renters
(ANCHOR) program, the homestead property tax reimbursement program (commonly
known as the �senior freeze� program), and the Stay NJ program.
���� The current annual deadline to
file this application is October 31.� This bill extends this annual deadline to
December 31.