Lawmakers will try to restore property tax rebates to the levels in Gov. Jon Corzine's original budget proposal for homeowners making up to $75,000 a year, top Democrats said today as the state continued adding to the unexpected tax amnesty windfall that is allowing Corzine to revive the popular rebates in his re-election year. Senate Budget and Appropriations Chairwoman Barbara Buono (D-Middlesex) and Senate Majority Leader Stephen Sweeney (D-Gloucester) said details remain to be worked out, such as whether tenants will receive rebates, and whether homeowners making up to $200,000 or $250,000 a year will also be allowed to claim a property tax deduction on their state income taxes. Read full Statehouse Bureau report here.
Saturday, June 20, 2009
Top N.J. Democrats Hope To Restore Property Tax Rebates To Original Budget Levels
Lawmakers will try to restore property tax rebates to the levels in Gov. Jon Corzine's original budget proposal for homeowners making up to $75,000 a year, top Democrats said today as the state continued adding to the unexpected tax amnesty windfall that is allowing Corzine to revive the popular rebates in his re-election year. Senate Budget and Appropriations Chairwoman Barbara Buono (D-Middlesex) and Senate Majority Leader Stephen Sweeney (D-Gloucester) said details remain to be worked out, such as whether tenants will receive rebates, and whether homeowners making up to $200,000 or $250,000 a year will also be allowed to claim a property tax deduction on their state income taxes. Read full Statehouse Bureau report here.
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