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New Jersey Statutes, Title: 54, TAXATION
Chapter 4: Property subject to taxation.
Section: 54:4-8.75n: Restrictions, impact, interference.
17. The amendatory and supplementary provisions of sections 1 through 16 of P.L.2023, c.75 (C.54:4-8.75a et al.) shall not supersede, impact, or interfere with any of the following:
a. the full funding in each State fiscal year necessary to satisfy the requirement in Article VIII, Section IV, paragraph 1 of the New Jersey Constitution that the Legislature provide for the maintenance and support of a thorough and efficient system of free public schools for the instruction of children in the State between the ages of five and 18 years;
b. the full funding of the veterans' $250 property tax deduction, required to be provided to eligible veterans pursuant to Article VIII, Section I, paragraph 3 of the New Jersey Constitution;
c. the full funding of the senior citizens' and disabled persons' $250 property tax deduction authorized by Article VIII, Section I, paragraph 4 of the New Jersey Constitution;
d. the full payment of the contributions required by law to be made to the State-administered retirement systems; and
e. the maintenance of a budgetary surplus target of no less than 12 percent of total expenditures from the General Fund and the Property Tax Relief Fund in a given State fiscal year.
L.2023, c.75, s.17.
This section added to the Rutgers Database: 2023-08-24 13:18:32.
Older versions of 54:4-8.75n (if available):
Court decisions that cite this statute:
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