Tag: PILOT programs

NJ Senate Committee Advances Bill to Amend PILOT Process

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

NJ Appeals Court Affirms Broad Power of State Comptroller

NJ Senate Passes Long Term Tax Exemption Bill

The New Jersey Senate recently passed legislation that would make significant changes to the state’s long term tax exemption law. Notably, the bill would require applicants and municipalities to prepare cost-benefit analyses regarding the impact of a proposed long term property tax exemption. The bill (S-1991) would specifically require a

Proposed NJ Bill Bans Third Party Tax Appeals

NJ Tax Court Holds PILOT Payments Don’t Constitute Property Taxes

In Kenneth M. Ruskowski v. Director, Division of Taxation, the Tax Court of New Jersey held that the plaintiff’s in lieu tax payments (PILOT payments) did not constitute “property taxes,” as the term is defined under N.J.S.A. 54:4-8.67. Accordingly, the court ruled that the Director of the Division of Taxation

Proposed Legislation Requires Prevailing Wages for PILOT Projects

Proposed Legislation Requires Prevailing Wage for PILOT Projects

New Jersey lawmakers are currently considering legislation that would require developers to pay the prevailing wage for public work on properties receiving tax abatements or exemptions. The Assembly Labor Committee recently advanced Assembly Bill No. 3435, which will now go before the full Assembly. As we have previously discussed on

NJ Assembly Committee Advances PILOT Legislation

NJ Assembly Committee Advances PILOT Legislation

The New Jersey Assembly is currently considering legislation that would impose new obligations on municipalities that grant long-term tax exemptions. Under the proposed bill, cities and towns would be required to share funds collected under payment-in-lieu-of-taxes (PILOT) agreements with school districts. As we have previously discussed on the Scarinci Hollenbeck

Jersey City Updates Tax Abatement Policy and Procedures

Jersey City Updates Tax Abatement Policy and Procedures

Jersey City Mayor Stephen Fulop recently announced several key changes to the municipality’s tax abatement policy. The changes are part of Jersey City’s new comprehensive housing policy and are intended to ensure that all areas of the city benefit from the area’s rapid growth and development. In 2013, Mayor Fulop