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NJ S1363
Bill
Status
Introduced
1/9/2024
Primary Sponsor
Michael Testa
Click for details
AI Summary
- Amends New Jersey's property tax levy cap law to exclude certain flood insurance premium increases from the 2% cap calculation for local governments
- Local units with existing flood insurance can exclude premium increases exceeding 2% above the prior year in the first year after federal flood map changes
- Local units without prior flood insurance can exclude the entire initial cost of flood insurance premiums in the first year after federal flood map changes
- The exclusion for premium increases exceeding 2% over the prior year continues through the second, third, and fourth years following federal flood map changes
- The exclusion expires after the fourth year following changes to federal flood insurance maps
Legislative Description
Establishes program in DOLWD to address jobs lost due to automation.
Labor
Last Action
Introduced in the Senate, Referred to Senate Labor Committee
1/9/2024
Committee Referrals
Labor1/9/2024
Full Bill Text
No bill text available