Statutes, codes, and regulations
New Jersey Statutes
Title 54 - TAXATION
Chapter 54:4 - PROPERTY SUBJECT TO TAXATION
Section 54:4-8.75i - Intentional misrepresentation, repayment, property tax credit, penalties

N.J. Stat. § 54:4-8.75i

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Current through L. 2024, c. 87.
Section 54:4-8.75i - Intentional misrepresentation, repayment, property tax credit, penalties

Any individual who receives a Stay NJ property tax credit otherwise authorized under this act but as a result of an intentional misrepresentation of a material fact shall be required to repay to the director the amount of the credit and shall be liable to a penalty equal to 150 percent of the amount of the Stay NJ property tax credit paid as a result of that misrepresentation.

N.J.S. § 54:4-8.75i

Added by L. 2023, c. 75,s. 9, eff. 6/30/2023, app., with respect to Stay NJ property tax credits, first to the tax year quarter beginning January 1, 2026, or, if the Governor and the Legislature fail to enact legislation as required by section 19 of P.L.2023, c.75 (C.54:4-8.75p), the first tax year quarter beginning no less than six months following promulgation of the combined single application form.