A 3194
Allows residents of certain Highlands municipalities to designate on gross income tax returns that a portion of gross income tax paid be returned to municipality of residence.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a fund, the ‘NJ Highlands Tax Fairness Fund,’ allowing residents of specific Highlands municipalities to designate a portion of their state income tax paid to be returned to their local community. Residents can make this designation on their tax returns, directing 10% of their remaining tax liability to the fund. The funds collected will then be distributed to the eligible municipalities in proportion to the amount designated, and used to reduce local property taxes. This aims to alleviate the financial burden on residents in these Highlands areas due to development restrictions.
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Primary sponsors
Jay Webber
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