New Jersey § 54:4-8

§ 54:4-8.

a. Not later than July 1, 2025, if there is no delay in implementation as may occur

pursuant to section 19 of P.L.2023, c. 75 ( C.54:4-8.75p ), the director shall promulgate a combined single application form consistent with

the requirements of section 6 of P.L.2023, c. 75 ( C.54:4-8.75f ) and the recommendations of the Stay NJ Task Force established pursuant to section

18 of P.L.2023, c. 75 ( C.54:4-8.75o ), that shall be available on and after that date to be used by State residents to

apply for the Stay NJ property tax credit, the ANCHOR property tax rebate, and the

homestead property tax reimbursement program. State residents seeking property tax benefits under those programs shall complete

the entire application and file it with the director. The director shall determine which property tax benefit program or programs provide

the greatest benefit for the applicant pursuant to the requirements of subsection

b. of this section. b. Notwithstanding any provision of law, rule, or regulation to the contrary, an applicant

shall only be entitled to the greater of: (1) the amount of the Stay NJ property tax credit; or (2) the combined amount of the ANCHOR property tax rebate and the homestead property

tax reimbursement. c. With respect to the homestead property tax reimbursement program, the base year

of an eligible claimant who receives a Stay NJ property tax credit instead of a homestead

property tax reimbursement shall remain unchanged, notwithstanding the number of years

that the eligible claimant receives a Stay NJ property tax credit instead of a homestead

property tax reimbursement. d. The director shall determine the amount of the Stay NJ property tax credit that

shall be provided for each eligible claimant pursuant to P.L.2023, c. 75 ( C.54:4-8.75a et al.) based upon the information provided by the eligible claimant in the application

or from any other information as may be available to the director and shall notify

the applicant of the determined amount in such manner as the director may deem appropriate. Subject to the provisions of the State Uniform Tax Procedure Law, R.S.54:48-1 et seq. , such notification shall finally and irrevocably fix the amount of the Stay NJ property

tax credit unless the applicant, within 90 days after having been given notice of

such determination, shall apply to the director for a hearing, or unless the director

shall redetermine the same. After such hearing the director shall give notice of the final determination to

the applicant. e. An eligible claimant for a Stay NJ property tax credit authorized under P.L.2023, c. 75 ( C.54:4-8.75a et al.) who is aggrieved by any decision, order, finding, or denial by the director

of all or part of that eligible claimant's Stay NJ property tax credit may appeal

therefrom to the New Jersey Tax Court in accordance with the provisions of the State

Uniform Tax Procedure Law, R.S.54:48-1 et seq. The appeal provided by this section shall be the exclusive remedy available to an

applicant for review of a decision of a director in respect to the determination of

all or a part of a Stay NJ property tax credit authorized under P.L.2023, c. 75 ( C.54:4-8.75a et al.).