Mar 28, 2009 3:44 pm US/Eastern
Tax Credits Could Replace Rebate Checks In NJ
TRENTON (AP) ―
Property tax relief without the gimmickry.
That's what lawmakers in the New Jersey Assembly have in mind as they seek to replace politically popular rebate checks with tax bill credits.
Legislation sponsored by Assemblyman John Burzichelli, D-Thorofare, would eliminate property tax rebate checks mailed to homeowners and renters each fall.
His bill would replace the rebate checks with a property tax credit system that would automatically credit property tax bills for whatever amount the resident is entitled to receive.
Gov. Jon S. Corzine has proposed eliminating rebates for New Jerseyans earning more than $75,000 a year, but retaining them for senior citizens and the disabled. His budget requires approval from the Legislature.
(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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