This bill allows municipalities in New Jersey to waive interest on certain delinquent property tax payments under specific conditions. It stipulates that if a taxpayer mails a paper check for property tax that is postmarked at least one day before the due date but arrives late due to postal service mishandling, the municipality may choose not to charge interest. To qualify for this waiver, the taxpayer must provide proof that the check was mailed correctly and that the envelope was addressed to the appropriate municipal tax collector. Additionally, the municipality's governing body must adopt a resolution stating that interest will not be charged if the payment is made by the first day of the following month.

The bill also outlines the necessary steps for municipalities to implement this waiver, including notifying the Director of the Division of Local Government Services about the resolution. It emphasizes that interest cannot be waived unless all conditions are met, ensuring that taxpayers are held accountable while providing relief in cases of postal delays. This legislation aims to provide fairness to taxpayers who may be penalized for circumstances beyond their control.