SMITH-SWEENEY BILL TO EXEMPT ENERGY SAVINGS FROM PROPERTY TAX ADVANCES

TRENTON – A bill sponsored by Senate Environment Committee Chair Bob Smith and Senate Majority Leader Steve Sweeney which would allow taxpayers to apply for a property tax exemption for energy cost saving measures was unanimously approved by the Senate Community and Urban Affairs Committee today.

“New Jersey has a strong track record of promoting and incentivizing green technology,” said Senator Smith, D-Middlesex and Somerset. “This bill is another step in that direction, offering tax breaks for property owners seeking to minimize their carbon footprint and reliance on natural resources. We need to continue to encourage environmental conscience and ensure that environmentally-sound improvements aren’t cost-prohibitive for property owners.”

IN CASE YOU MISSED IT...

HOME NEWS APPLAUDS BIPARTISAN ASSEMBLY PLAN
FOR PROPERTY TAX CREDITS

"Few citizens of this state connect the early autumn checks to property-tax relief anyhow. Tax credits are the better way to go."

ROBERTS: REPLACE PROPERTY TAX REBATE
WITH ONE-STOP INCOME TAX REFUND
Assembly Speaker Says Annual Checks 'Prime Examples of Inefficiency and Gimmickry'

(TRENTON) - Assembly Speaker Joseph J. Roberts Jr. today called for ending New Jersey's current practice of mailing property tax relief checks during election season in favor of property tax relief that would be applied directly to residents' state income tax filings.

ROBERTS STATEMENT ON ASSEMBLY VOTE FOR DEDICATING
FULL PENNY OF SALES TAX FOR PROPERTY TAX CUTS

(TRENTON) - The General Assembly today advanced a proposed state constitutional amendment sponsored by Speaker Joseph J. Roberts Jr. that would permanently dedicate the final one-half cent of last year's penny increase in the sales tax to ensuring the long-term sustainability of the state's new property tax cut.