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 outlines that the Director of the Division of Taxation will accept applications from February 1 through December 31, and it mandates the creation of a single application form that aligns with the requirements of the relevant legislation and recommendations from the Stay NJ Task Force. The bill also specifies the process for calculating the amount of property tax benefits for eligible claimants, ensuring that they receive the full amounts they qualify for under each program.

Statutes affected:
Introduced: 54:4-8.75