Provides temporary gross income tax credit to first time home buyers and seniors.

Summary

The bill gives eligible New Jersey residents a credit equal to 25 % of the property tax they paid on a qualified home, capped at $2,500, for tax years 2019‑2021. It applies to first‑time homebuyers and to individuals 65 years or older, and any unused credit is refunded. The credit reduces the gross income tax owed or is paid out as a refund.

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