Tag: tax rebates

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NJ GOP Again Call for ‘Give It Back’ Tax Rebates to Provide $4.5 Billion of Direct, Immediate Relief to Taxpayers and Businesses

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the staff of the Ridgewood blog

Trenton NJ, the Republican members of the Senate Budget & Appropriations Committee called on Governor Phil Murphy and legislative leaders to commit to expanding tax relief in light of the Administration admitting to a total of more than $9 billion of tax overcollections in the current year and almost $7.8 billion more in revenue available for the upcoming budget year than projected just two months ago.

Continue reading NJ GOP Again Call for ‘Give It Back’ Tax Rebates to Provide $4.5 Billion of Direct, Immediate Relief to Taxpayers and Businesses

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N.J. seeking to recoup $1.6M in overpaid tax rebates

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April 9, 2015, 12:13 PM    Last updated: Thursday, April 9, 2015, 2:07 PM
By MELISSA HAYES
state house bureau |
The Record

The state Division of Taxation is taking steps to recoup $1.6 million in rebates it overpaid nearly 3,800 taxpayers, following an investigation by the Office of the State Comptroller.

The comptroller’s office released the findings of its investigation into property tax relief programs for multi-unit properties Thursday along with steps it said the division is taking to remedy the problem.

The report estimates that thousands of homeowners have received larger property tax credits than they were entitled to because they claimed 100 percent residency of a multi-unit dwelling when applying for the Homestead Property Tax Credit and Property Tax Reimbursement programs  and the state property tax deduction. The programs are provided to taxpayers who meet certain income limits, senior citizens and the disabled. Only a portion of the credits and rebates are supposed to be applied when an applicant lives in a multi-unit dwelling.

The report recommends that the Division of Taxation require local tax assessors to report the number of residential units in each property in the municipality to close what Acting State Comptroller Marc Larkins calls a “gap in the oversight of property tax relief programs.” Each municipality has the information on record, but the state doesn’t require that it be shared.

https://www.northjersey.com/news/n-j-seeking-to-recoup-1-6m-in-overpaid-tax-rebates-1.1305971