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Code · New Jersey · Title 54 — Debtor and Creditor · Chapter 4

54:4-8.75p Review, Legislature, Governor, Stay NJ Task Force, recommendations.

182 words·~1 min read·/nj/title-54/chapter-4/54-4-8-75p·

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19. After the Legislature and the Governor review the Stay NJ Task Force's recommendations and determine such recommendations are appropriate, the Legislature shall consider and approve, and the Governor shall enact, the legislation recommended by the Stay NJ Task Force, or legislation substantially similar to the legislation recommended by the task force, regarding the objectives set forth in section 18 of P.L.2023, c.75 (C.54:4-8.75o) not later than 90 days prior to February 1, 2025, the date by which the State Treasurer shall be required to produce the application for the Stay NJ program in 2025 pursuant to section 4 of P.L.2023, c.75 (C.54:4-8.75d).
If legislation is enacted after the 90th day preceding February 1, 2025, then promulgation of a combined single application form shall be required no earlier than the 91st day next following the enactment of such legislation and the implementation of the Stay NJ property tax credit program shall begin no earlier than the first tax year quarter beginning no less than six months following the promulgation of the combined single application form.
L.2023, c.75, s.19; amended 2024, c.88, s.10.
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