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NJ S2161
Bill
Status
1/13/2026
Primary Sponsor
Paul Moriarty
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AI Summary
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Increases payments in lieu of taxes (PILOTs) to New Jersey municipalities for State-owned or nonprofit-owned recreation and conservation lands.
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Raises per-acre payments for municipalities with less than 20% open space from $2 to $3; for 20-40% open space from $5 to $7.50; for 40-60% open space from $10 to $15; and for 60% or more open space from $20 to $40.
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Applies increased payment rates to lands acquired using constitutionally dedicated corporation business tax revenues (after 13-year phase-in period) and lands acquired through other funding sources.
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Payments made annually on October 1 from the State General Fund, not from constitutionally dedicated moneys.
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Municipalities must apply received PILOT funds to the same purposes as regular property tax revenue.
Legislative Description
Increases amounts of certain payments in lieu of taxes paid for lands owned by State or nonprofit organization for recreation and conservation purposes.
Budget and Appropriations
Last Action
Referred to Senate Budget and Appropriations Committee
2/12/2026