NJ A2917

Expands New Jersey's homestead rebate eligibility to include residents who make payments in lieu of taxes (PILOTs) to their municipality, not just those paying traditional property taxes

Amends the definition of "property tax" under the Homestead Property Tax Credit Act (P.L.1990, c.61) to include PILOT payments made for an eligible homestead

Current law limits homestead rebates to residents with incomes not exceeding $250,000 who pay property taxes based on ad valorem (fair market value) assessments

Ensures PILOT-paying residents qualify for ANCHOR rebates, which are authorized annually under the Homestead Property Tax Credit Act framework

Takes effect immediately upon enactment