State Of New York et al v. Mnuchin et al

Filing 47

DECLARATION of Owen T. Conroy in Support re: 44 CROSS MOTION for Summary Judgment .. Document filed by State Of Connecticut, State Of New York, State of Maryland, State of New Jersey. (Attachments: # 1 Exhibit 1, # 2 Exhibit 2, # 3 Exhibit 3, # 4 Exhibit 4, # 5 Exhibit 5, # 6 Exhibit 6, # 7 Exhibit 7, # 8 Exhibit 8, # 9 Exhibit 9, # 10 Exhibit 10, # 11 Exhibit 11, # 12 Exhibit 12, # 13 Exhibit 13, # 14 Exhibit 14, # 15 Exhibit 15, # 16 Exhibit 16, # 17 Exhibit 17, # 18 Exhibit 18, # 19 Exhibit 19, # 20 Exhibit 20, # 21 Exhibit 21, # 22 Exhibit 22, # 23 Exhibit 23, # 24 Exhibit 24, # 25 Exhibit 25, # 26 Exhibit 26, # 27 Exhibit 27, # 28 Exhibit 28, # 29 Exhibit 29, # 30 Exhibit 30, # 31 Exhibit 31, # 32 Exhibit 32, # 33 Exhibit 33, # 34 Exhibit 34, # 35 Exhibit 35, # 36 Exhibit 36, # 37 Exhibit 37, # 38 Exhibit 38, # 39 Exhibit 39, # 40 Exhibit 40, # 41 Exhibit 41, # 42 Exhibit 42, # 43 Exhibit 43, # 44 Exhibit 44, # 45 Exhibit 45, # 46 Exhibit 46, # 47 Exhibit 47, # 48 Exhibit 48, # 49 Exhibit 49, # 50 Exhibit 50, # 51 Exhibit 51, # 52 Exhibit 52, # 53 Exhibit 53, # 54 Exhibit 54, # 55 Exhibit 55, # 56 Exhibit 56, # 57 Exhibit 57, # 58 Exhibit 58, # 59 Exhibit 59, # 60 Exhibit 60, # 61 Exhibit 61, # 62 Exhibit 62, # 63 Exhibit 63, # 64 Exhibit 64, # 65 Exhibit 65, # 66 Exhibit 66, # 67 Exhibit 67, # 68 Exhibit 68, # 69 Exhibit 69, # 70 Exhibit 70, # 71 Exhibit 71, # 72 Exhibit 72, # 73 Exhibit 73, # 74 Exhibit 74, # 75 Exhibit 75, # 76 Exhibit 76, # 77 Exhibit 77, # 78 Exhibit 78, # 79 Exhibit 79, # 80 Exhibit 80, # 81 Exhibit 81, # 82 Exhibit 82, # 83 Exhibit 83, # 84 Exhibit 84, # 85 Exhibit 85, # 86 Exhibit 86, # 87 Exhibit 87, # 88 Exhibit 88, # 89 Exhibit 89, # 90 Exhibit 90, # 91 Exhibit 91, # 92 Exhibit 92, # 93 Exhibit 93, # 94 Exhibit 94, # 95 Exhibit 95, # 96 Exhibit 96, # 97 Exhibit 97, # 98 Exhibit 98, # 99 Exhibit 99, # 100 Exhibit 100, # 101 Exhibit 101, # 102 Exhibit 102, # 103 Exhibit 103, # 104 Exhibit 104, # 105 Exhibit 105, # 106 Exhibit 106)(Conroy, Owen)

Exhibit 101

54:4-66.9. Property tax credits for local charitable donations, NJ ST 54:4-66.9

New Jersey Statutes Annotated
Title 54. Taxation
Subtitle 2. Taxation of Real and Personal Property in General
Chapter 4. Assessment and Collection of Taxes
Article 7. Collection, Abatement and Compromise (Refs & Annos)
N.J.S.A. 54:4-66.9
54:4-66.9. Property tax credits for local charitable donations
Effective: July 3, 2018
Currentness
a. For fiscal years beginning on or after January 1, 2018, the tax collector shall allow a local property owner a credit to
be applied to property taxes as hereinafter set forth.

b. The credit shall be equal to 90 percent of the amount of local charitable donations contributed on behalf of the owner's
specified local real property to a charitable fund established pursuant to section 2 of P.L.2018, c. 11 (C.54:4-66.7) within
the local unit, or a different percentage as determined appropriate by the director; provided, however, that no credit
shall issue to any owner of local real property who owes local property tax or other delinquent municipal charges at the
time the donation to the charitable fund is made.

c. The tax collector shall apply the credit against the first local property tax bill with respect to the specified local real
property that is assessed on or after the fifth business day following receipt of the notification sent pursuant to paragraph
(3) of subsection c. of section 3 of P.L.2018, c. 11 (C.54:4-66.8); provided, however, that each municipality shall impose
a deadline by which the fund administrator shall supply the municipal tax collector and the municipal finance officer, as
appropriate, with all donation amounts received and the amount of the credits to be made available as a result of those
donations, in order for the credits to be applied to the next annual property tax bill. Subject to rules and regulations
promulgated by the director, the municipality shall have the sole discretion as to whether to establish a deadline by
which donations made to a charitable fund established by a local unit may be credited against an annual property tax
bill that already has been issued, in which case the taxpayer shall have access to a statement showing how the credit
has been applied.

d. If the total amount of all local property tax credits available for a specific local real property exceed the amount of
property tax due during the year in which the donation was made to the local unit associated with a charitable fund to
which a local charitable donation was made for the property, and the municipal tax collector is unable to apply all or a
portion of a credit enabled under this section against the local property tax bill for the property, then the municipal tax
collector shall carry the remaining portion of the credit forward to one or more future local property tax bills. However,
no tax credit established under this section shall be carried forward for more than five years from the date of the first
local property tax bill after the date the donation was made. For those properties receiving a local property tax credit
pursuant to section 2 of P.L.2018, c. 11 (C.54:4-66.7), any property tax refund owed shall be deducted from the total
tax bill resulting in the carry-forward of the tax credit, up to the total tax credit amount, after which cash refunds shall
be issued. No cash refund of property tax shall be issued until the amount of the property tax refund due exceeds the
amount of tax credit issued for the property.

© 2018 Thomson Reuters. No claim to original U.S. Government Works.

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54:4-66.9. Property tax credits for local charitable donations, NJ ST 54:4-66.9

e. The municipal tax collector shall indicate on a local property tax bill the value of the tax credits that apply to the bill
pursuant to this section, and the value of tax credits that, pursuant to this section, shall be applied to future bills.

f. The municipal tax collector shall apply a local property tax credit granted under this section to a specified local parcel
of real property, not to an individual person or entity.

g. For each notification sent pursuant to paragraph (3) of subsection c. of section 3 of P.L.2018, c. 11 (C.54:4-66.8),
the municipality may require a fee to be paid by the fund administrator to be allocated towards the municipality's
administrative expenses attributable to the municipal tax collector's office and the municipal finance officer's office. The
amount collected by the municipal tax collector through such fees shall not be greater than two percent of the funds
distributed for property tax credits to compensate for reasonable expenses associated with the municipal tax collector's
responsibilities under this section, unless otherwise authorized by the director.

Credits
L.2018, c. 11, § 4, eff. July 3, 2018.

N. J. S. A. 54:4-66.9, NJ ST 54:4-66.9
Current with laws through L.2018, c. 138 and J.R. No. 11
End of Document

© 2018 Thomson Reuters. No claim to original U.S. Government Works.

© 2018 Thomson Reuters. No claim to original U.S. Government Works.

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