Bill Text: NJ S925 | 2010-2011 | Regular Session | Introduced
Bill Title: Authorizes property tax deferment for deployed military personnel.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2010-05-10 - Referred to Senate Budget and Appropriations Committee [S925 Detail]
Download: New_Jersey-2010-S925-Introduced.html
Sponsored by:
Senator JEFF VAN DREW
District 1 (Cape May, Atlantic and Cumberland)
SYNOPSIS
Authorizes property tax deferment for deployed military personnel.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning property tax deferment under certain circumstances and supplementing chapter 4 of Title 54 of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Every resident of this State who is enlisted in any branch of the United States Armed Forces shall be entitled to a deferment of the amount of any tax bill for taxes assessed against real and personal property solely owned by the resident, or with a spouse, that becomes due while the resident is deployed for active service in time of war. The deferment shall commence on the tax due date, and shall end 90 days after the last date of deployment. The tax amount deferred shall be due and owing on the first day following the 90-day grace period, and shall be paid to the tax collector of the municipality in which the property is located. No interest shall be charged when the deferred property tax amount is paid in full within the 90-day grace period. When the property tax amount is not paid in full within the grace period, interest shall be charged on any unpaid amount at the rate it would have accrued since the original property tax due date.
2. a. No deferment of any tax amount assessed against real and personal property pursuant to section 1 of P.L. , c. (pending before the Legislature as this bill) shall be allowed except upon written application therefore, on a form prescribed by the Director of the Division of Taxation in the Department of the Treasury, and provided by the governing body of the municipality constituting the taxing district in which the application is to be filed. The application shall specify any documentation required to be submitted in order to ascertain that the applicant is qualified to receive the deferment. The Director of the Division of Taxation in the Department of the Treasury shall promulgate any rules and regulations necessary to implement the provisions of P.L. , c. (pending before the Legislature as this bill).
b. A resident eligible for a deferment of any tax amount assessed against real and personal property pursuant to section 1 of P.L. , c. (pending before the Legislature as this bill), or a person acting on behalf of the resident, shall file an application for deferment with the tax collector of the municipality in which the property is located. The application shall be accompanied by any documentation required to be submitted pursuant to subsection a. of this section.
3. The State shall annually pay to the tax collector of each municipality the total amount of property tax deferred pursuant to section 1 of P.L. , c. (C. ) (pending before the Legislature as this bill) plus 2%, in the same manner as veteran's property tax deductions are reimbursed pursuant to section 5 of P.L.1997, c.30 (C.54:4-8.24). The tax collector of each municipality shall refund this amount to the State in installments upon collection of the deferred payments from the individual taxpayers along with any interest collected for payments made after the expiration of a taxpayer's grace period.
4. This act shall take effect immediately.
STATEMENT
This bill would allow New Jersey residents enlisted in any branch of the United States Armed Forces to qualify for the deferment of any property tax amount that becomes due during the period of deployment for active duty in time of war.
A resident qualified for the deferment, or a person acting on behalf of the resident, would file an application for deferment with the tax collector of the municipality in which the property is located, and submit the documentation required to ascertain that the applicant qualifies for the deferment. The deferment would commence on the tax due date, and end 90 days after the end of deployment. No interest would be charged when the amount owed is paid on or before the first day following the 90-day grace period, but interest would accrue as of the date of the original due date on any unpaid amount after the first day following the grace period.
In order to avoid an unfunded mandate, this bill requires that the State annually pay each municipality the total amount deferred, in the same manner as is currently done for the veteran's property tax deduction pursuant to section 5 of P.L.1997, c.30 (C.54:4-8.24). The tax collector is required to reimburse the State upon receipt of the payment deferred from each qualified taxpayer.
