Requires benefits under certain State property tax relief programs to be provided as credits and requires tabulation of credits and deductions be included on property tax bills.

Summary

The legislation amends several New Jersey tax‑relief programs so that rebates and reimbursements are applied directly as credits on a homeowner’s property‑tax bill instead of being paid by check or direct deposit. It also mandates that the amount of each credit and any related deductions be shown on the tax bill. The changes affect individual homeowners, cooperatives, mutual housing corporations, retirement communities, and local tax collectors.

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