New Jersey § 54:4-8
Full text of New Jersey New Jersey Statutes § 54:4-8, with citation guidance and answers to common questions.
§ 54:4-8.
a. Except as provided in subsection b. of this section, a person who receives a homestead rebate or credit otherwise authorized under this
act but which has been paid in error and which is recoverable by the director, and
fails to return the payment within 45 days of receiving notice from the director that
such payment was erroneous, shall pay, in addition to the amount of the erroneous
rebate or credit, interest at the rate prescribed in R.S.54:49-3 , assessed for each month or fraction thereof, compounded annually at the end of each
year, from the date next following the 45th day after receiving the notice from the
director that such payment was erroneous until the date of the return of the erroneous
payment. b. A person who is 65 years of age or older at the close of the tax year, or who is
allowed to claim a personal deduction as a blind or disabled taxpayer pursuant to
subsection b. of N.J.S.54A:3-1 , who receives a notice from the director pursuant to this section, shall within 45
days after receiving that notice, be permitted to enter into an installment payment
agreement for a reasonable period of time that will enable the person to completely
satisfy the amount paid in error and without the assessment of interest thereon.
Frequently Asked Questions About New Jersey § 54:4-8
What does New Jersey Statutes § 54:4-8 cover?
Section 54:4-8 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 54:4-8?
A common citation format is "New Jersey Statutes § 54:4-8" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 54:4-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.