Under a law that took effect last year, New Jersey municipalities can establish property tax rewards programs encouraging residents to shop at local retail establishments. The Division of Local Government Services (DLGS) recently issued a Local Finance Notice (LFN) aimed to guide municipalities in creating and implementing these new programs.
On February 22, 2021, Gov. Phil Murphy signed legislation legalizing cannabis use and possession for adults 21 years and older… On February 22, 2021, Gov. Phil Murphy signed legislation legalizing cannabis use and possession for adults 21 years and older, establishing the regulatory framework for legal cannabis. Gov. Murphy also
In Pruent-Stevens v. Township of Toms River, the Appellate Division of the New Jersey Superior Court addressed the eligibility for the veteran’s property tax exemption under N.J.S.A. 54:4-3.30. The appeals court reversed the New Jersey Tax Court in holding that once a widow/widower remarries they permanentlylose their eligibility for the disabled veterans property
In August, Gov. Phil Murphy signed legislation into law that authorizes New Jersey counties to alter the real property assessment calendar, provided the relevant county board of taxation approves. The new law (formerly A-538/S2257) specifically allows any county to operate under the alternative real property assessment dates established in the “Real
New Jersey lawmakers are currently considering legislation that would increase oversight over local tax abatement agreements. Senate Bill 1701 aims increase transparency regarding payments in lieu of taxes (PILOTs), particularly with respect to how they impact school funding. As previously discussed in the Scarinci Hollenbeck Government & Law Blog, many New
In Pruent-Stevens v. Township of Toms River, the Tax Court of New Jersey addressed eligibility for the veteran’s property tax exemption pursuant to N.J.S.A. 54:4-3.30. It clarified that the term “widow” and “widower” defines a person and not the continued marital status of the person. Accordingly, surviving spouses of disabled
Gov. Chris Christie recently vetoed legislation that would have made rentals via Airbnb and similar online marketplaces subject to the same state and local occupancy taxes as hotel and motel rooms. According to the Governor, he would not support imposing additional taxes on “already overly taxed New Jersey property owners.”