Allows projects supported by State or municipal affordable housing trust fund to be exempt from property tax and to instead contribute to municipal services by making payments in lieu of taxation.
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What it does
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More on this bill
Where it stands
Introduced
Passed 1st Chamber
Passed 2nd Chamber
4To Governor
Became Law
Looking ahead
No hearings or votes scheduled.
History
2024
Mar 20Approved P.L.2024, c.6.Became Law
Mar 18Passed Senate (Passed Both Houses) (28-8)Passed 2nd Chamber
Vote recorded 3RDG FINAL PASSAGE. Result: pass.Upper
Mar 18Substituted for S2312 (1R)
Mar 11Reported out of Senate Committee, 2nd ReadingMinor
Vote recorded Reported favorably out of committee. Result: pass.Upper
Feb 12Received in the Senate, Referred to Senate Budget and Appropriations CommitteeMinor
Vote recorded 3RDG FINAL PASSAGE. Result: pass.Lower
Feb 12Passed Assembly (64-14-1)Passed 1st Chamber
Feb 8Reported out of Assembly Committee with Amendments, 2nd ReadingMinor
Vote recorded Reported out of Assembly committee with amendments. Result: pass.Lower
Jan 29Reported and Referred to Assembly Appropriations CommitteeMinor
Vote recorded Reported favorably out of committee. Result: pass.Lower
Jan 9Introduced in the Assembly, Referred to Assembly Housing CommitteeIntroduced