This bill amends the deadline for filing a combined application for property tax benefits under the ANCHOR program, the homestead property tax reimbursement program, and the Stay NJ program. The current deadline of October 31 is extended to December 31 each year, allowing state residents more time to apply for these benefits.

Additionally, the bill specifies that applications will be accepted from February 1 through December 31, and outlines the process for determining the amount of property tax benefits for eligible claimants. The director of the Division of Taxation will calculate the benefits based on the applications received and notify applicants of their entitlements. This change aims to streamline the application process and provide greater accessibility to property tax relief programs for New Jersey residents.

Statutes affected:
Introduced: 54:4-8.75