The State shall annually reimburse each taxing district in an amount equal to 102 percent of the amount of any veterans' property tax deductions granted in that taxing district. However, should a deduction have been allowed in error by the municipality, it shall return the full reimbursement to the State. There shall be no statute of limitation on the right of the State to seek such return. Upon such return to the State, the municipality may take whatever action the law allows to collect the deduction from the taxpayer who received it.
N.J. Admin. Code § 18:27-3.9
See: 46 N.J.R. 1737(a), 46 N.J.R. 2281(c).
Former N.J.A.C. 18:27-3.9, Refiling or updating application, recodified to N.J.A.C. 18:27-3.8.