Laws & Taxes

Laws & Taxes

Ciattarelli Requests OLS Study Estate Tax, Transfer Inheritance Tax and Pension Exclusion Laws

WASHINGTON, D.C. - April 10, 2014 - (RealEstateRama) -- As the discussion continues on how to make New Jersey a more affordable place to live, work and retire, Assemblyman Jack Ciattarelli said he is requesting the Office of Legislative Services (OLS) to conduct a study that analyzes the State’s estate tax, transfer inheritance tax, and pension exclusion when filing an income tax return. Ciattarelli believes a comprehensive review of these tax laws will lead to reforms that will make New Jersey economically vibrant and more retirement friendly.

O’Scanlon Commends Towns That Filed for Interest Arbitration Before Deadline

WASHINGTON, D.C. - April 1, 2014 - (RealEstateRama) -- Asembly Republican Declan O’Scanlon applauded the actions of the more than 40 municipalities and counties that had to scramble over the weekend and today in order to formally file for interest arbitration

O’Scanlon stunned by Assembly’s failure to act on arbitration law

WASHINGTON, D.C. - March 31, 2014 - (RealEstateRama) -- In response to the Assembly’s failure to act on the expiring arbitration cap, Assemblyman Declan O’Scanlon issued the following statement “It is quite frankly heart-breaking to me that the leadership of my house, all of whom are my friends, are leading New Jersey property taxpayers off a cliff.

Ciattarelli: Dem Arbitration Bill Would Wipe Out Property Tax Savings

WASHINGTON, D.C. - March 28, 2014 - (RealEstateRama) -- Assemblyman Jack Ciattarelli, R-Somerset, Hunterdon, Mercer and Middlesex, provided the remarks below regarding the Democrat’s alternate arbitration bill, A-3067, which was approved today during the General Assembly’s voting session

O’Scanlon Calls for Swift Action from Assembly to Resuscitate Interest Arbitration Cap

WASHINGTON, D.C. - March 28, 2014 - (RealEstateRama) -- Assembly Republican Budget Officer Declan O’Scanlon, R-Monmouth, issued the following statement after the Senate voted overwhelmingly to concur with Governor Christie’s conditional veto of A-3067, extending the interest arbitration cap through the end of 2017

Mayor Smith Introduces Zero Tax Increase Budget for 2014

WASHINGTON, D.C. - March 24, 2014 - (RealEstateRama) -- Mayor Mark A. Smith announced that the introduced 2014 municipal budget contains no increase in the municipal property tax levy. Mayor Smith said, “My Administration has worked hard for more than five years to streamline local government and to get municipal spending under control. We reduced the number of municipal departments from nine to four. We reduced total municipal debt by over 40%, and ended the practice of bonding for current expenditures.” Mayor Smith continued, “Over the past five years we have slowed the growth of municipal spending and this year, we have stabilized the municipal tax levy despite cuts in state aid, increased pension costs and increases in snow costs during the winter that just ended.

Bayonne Property Tax Grace Period Extended to Tuesday, February 18

WASHINGTON, D.C. - February 10, 2014 - (RealEstateRama) -- Mayor Mark A. Smith has extended the grace period for paying first quarter property tax payments to Tuesday, February 18. The original end of the grace period had been Monday, February 10. Mayor Smith extended the deadline, because winter weather conditions made it difficult for some property owners to make payments. Payments made by Tuesday, February 18, will avoid a late fee.

Online tax, sewer bill payments now available

Cherry Hill, N.J. - February 4, 2014 - (RealEstateRama) -- As part of Mayor Chuck Cahn’s commitment to making government more accessible, Cherry Hill Township now offers residents the ability to pay property taxes and Township sewer bills online by credit card, debit card or electronic check

Bayonne Property Taxes Due Monday, February 10

WASHINGTON, D.C. - February 3, 2014 - (RealEstateRama) -- The Bayonne Tax Collector’s Office announced that first quarter property tax payments are due on Monday, February 10. The nominal legal due date for the tax bills was Saturday, February 1. However, the City Council authorized a grace period through February 10. Payments made by that date will avoid a late fee. Property owners may pay their taxes by mail or in person at City Hall, 630 Avenue C, or at Bayonne branches of BCB Community Bank, or through the City website

Fiocchi Introduces Tax Relief Bill

WASHINGTON, D.C. - January 30, 2014 - (RealEstateRama) -- Assemblyman Sam Fiocchi, R-Cumberland, Cape May and Atlantic, has introduced the “Direct Tax Relief for New Jersey Families Act” that will provide a property tax cut for New Jersey homeowners. The bill (A-157) establishes the New Jersey Direct Property Tax Relief Program which also increases a renter’s gross income tax credit and increases the earned income tax credit.

Fiocchi Hails IRS Decision Sparing Emergency First-Responders and Property Taxpayers from Obamacare Snag

WASHINGTON, D.C. - January 20, 2013 - (RealEstateRama) -- Assembly Republican Sam Fiocchi today commended the Internal Revenue Service for clarifying a requirement under Obamacare that threatened the continued service of volunteer fire and medical first responders.

Schepisi-Ciattarelli Bill Aiding Homeowners of Flood-Prone Properties Approved by Assembly

WASHINGTON, D.C. - January 14, 2013 - (RealEstateRama) -- Bipartisan legislation sponsored by Assemblywoman Holly Schepisi and Assemblyman Jack Ciattarelli to exempt flood-prone properties acquired by municipalities from county, school and fire district property taxes for the following tax year, was approved today by the General Assembly

Freeholders Reorganize-Pledge No Increase in County Taxes

The Morris County Freeholders began 2014 with a pledge of working toward another year with no increase in county taxes.

Morris Freeholders Pledge to Repeat No Increase in County Taxes as Goal for 2014

WASHINGTON, D.C. - December 12, 2013 - (RealEstateRama) -- “This year, for the first time in 15 years, Morris County taxes did not increase,” said Freeholder Hank Lyon, budget committee chairman who presented the proposal. “Stopping the rise in property taxes is the number one issue I hear from Morris County residents, and after delivering a zero in 2013, we should deliver another zero in 2014.”

REGISTRATION STILL OPEN FOR NJRA REDEVELOPMENT TRAINING INSTITUTE NEW MARKETS TAX CREDIT WORKSHOP

TRENTON, N.J. - December 3, 2013 - (RealEstateRama) -- The New Jersey Department of Community Affairs (DCA) today announced that registration is still open for the upcoming “Using New Markets Tax Credits (NMTC) in the Development Process” workshop being held on December 6, 2013 at 9:30 a.m. at Thomas Edison State College in Trenton. This course is part of the NJRA Redevelopment Training Institute hosted by the New Jersey Redevelopment Authority, an affiliated agency of the DCA

Governor Christie Expands Access to Property Tax Relief by Extending Homestead Benefit Filing Deadline

Trenton - November 25, 2013 - (RealEstateRama) -- To ensure as many New Jerseyans as possible have the opportunity to obtain property tax relief, the Christie Administration has extended the deadline for filing Homestead Benefit applications to Tuesday, December 31

Township Committee To Hear Discussion On Property Tax Card Rebate Program Nov. 18th

WASHINGTON, D.C. - November 20, 2013 - (RealEstateRama) -- The Middle Township Committee will entertain discussion regarding a program that would result in property owners enjoying savings on their property tax bills simply by patronizing local businesses. The discussion will occur during the Township Committee’s work session meeting on Monday, November 18th, at 4:00pm inside Middle Township Municipal Hall.

DeCroce Named Taxpayer Advocate

WASHINGTON, D.C. - November 15, 2013 - (RealEstateRama) -- Assemblywoman BettyLou DeCroce was recently named as a Taxpayer Advocate by The New Jersey Taxpayers Alliance (NJTA).

Dancer Legislation Halts Tax Abatement Abuses, Saves Property Taxpayer Dollars

WASHINGTON, D.C. - November 14, 2013 - (RealEstateRama) --A bill to be introduced by Assemblyman Ron Dancer will relieve property taxpayers from a needless financial burden by uncovering and stopping unwarranted tax abatements.

Congressman Andrews Announces the Opening of New Senior Housing in Lawnside

WASHINGTON, D.C. - November 4, 2013 - (RealEstateRama) -- Congressman Andrews HADDON HEIGHTS, N.J. - Tuesday, Congressman Andrews announced that the Lawnside Senior Meadows senior citizen housing complex, a project that created over 200 construction jobs, is now open and accepting tenants. With the assistance and support of Congressman Andrews, the Lawnside Senior Meadows project was able to secure over $9 million in federal affordable housing tax credits that were critically needed to help finance the development.

Popular Government & Nonprofit Press Releases

Lautenberg Announces Millions in New Funding for Housing in New Jersey

WASHINGTON, D.C. - March 18, 2009 - (RealEstateRama) — Today, Senator Frank R. Lautenberg (D-NJ) announced millions of dollars in new funding for New Jersey’s public housing authorities to rehabilitate and modernize public housing units in New Jersey. The capital improvement money was included in the American Recovery and Reinvestment Act signed into law by President Obama.

Recent Government & Nonprofit Press Releases

Flame Cut Steel Establishes New Home in Irvington

When Ramesh Nuthi was looking for a permanent location for his manufacturing business in 2015, he turned to the New Jersey Economic Development Authority (EDA) for support. With just over $645,000 in EDA direct loan funds in hand, Nuthi was able to establish Flame Cut Steel’s new home in an 18,291-square-foot facility in Irvington and purchase new machinery to help expand the company’s services