N.J. Admin. Code § 5:30-18.8

Current through Register Vol. 56, No. 19, October 7, 2024

Section 5:30-18.8 - Reporting charitable fund donations for application to annual property taxes

(a) On an annual basis, the governing body of a municipality shall adopt a resolution setting a deadline by which local unit creditable donations must be reported by a local unit to the tax collector in order to be applied to the next upcoming annual property tax bill.

(b) The municipal governing body has the sole discretion to permit the application of creditable donations against an annual property tax bill that has already been issued. In order to permit the application of creditable donations against an annual property tax bill that has already been issued, the governing body shall adopt, on an annual basis, a resolution setting a deadline by which creditable donations must be reported to the tax collector in order to be applied to the next upcoming quarterly property tax installment. The deadline shall be no earlier than one month prior to the installment due date, except for 2018, which may be sooner, regardless of whether the municipality has established a grace period for quarterly property tax payments.

(c) Donations reported after the deadline set by the governing body must be applied to the annual property tax bill issued the following year or the next quarterly due date, as applicable.

N.J. Admin. Code § 5:30-18.8

Adopted by 50 N.J.R. 2247(a), effective 9/21/2018

Amended by 51 N.J.R. 828(a), effective 4/30/2019