PolitickerNJ Wire Feed
RUMANA SPONSORED BILL GIVING TOWNS
ACQUIRING FLOOD-PRONE LAND TAX-EXEMPT STATUS
APPROVED BY ASSEMBLY
Bipartisan legislation co-sponsored by Assembly Republican Whip Scott Rumana, R-Passaic, Bergen, Essex and Morris, that would exempt flood-prone properties acquired by municipalities from county, school and fire district property taxes for the following tax year, was approved by the General Assembly on Monday.
Under current law, if a municipality acquires such a property after October 1, it must pay the county, school, and fire district property taxes owed for all or the remainder of the following tax year.
“This legislation will encourage towns that chronically deal with flood-prone areas to acquire these properties without incurring an immediate tax liability,” said Rumana, who as the former mayor of Wayne is quite familiar with the issue of flooding. “There are several viable approaches to limit and deal with a town’s exposure to flooding, as well as the financial consequences and heartache faced by a homeowner. This is a common sense bill that stipulates a purchase between the town and a property owner must be mutually agreeable. The buyout program is one more way to fix the problems created by flooding that have existed for generations in our state.”
The bill, A-3362, is also sponsored by Rumana’s Republican colleagues Holly Schepisi, Jack Ciattarelli, Mary Pat Angelini, Scott Rudder, Jay Webber and Amy Handlin.
On the Net:
NJ Assembly Republicans on Facebook
NJ Assembly Republicans on Twitter
On July 22, 1928, humorist Will Rogers landed in a plane on the drill field at the Sea Girt National Guard Camp, according to the New Jersey State Society.Read More >
Winners and Losers: Week of July 14th The state takes a lot of well-deserved hits, let’s face it. But if you can shovel your way through the winters and the political sound-bites, you can get to the summers in New Jersey, which is where we are now –...
By JEFF BRINDLE Much has been written about the magnitude of campaign spending by independent special interest groups. But until now, there has been little discussion about the impact. During the 2012 Presidential and Congressional contests,... Read More >
“Clearly President Putin has created the set of circumstances and has supplied the resources … to the rebels so that this tragedy could take place. For me, I think the West, including the [United States], has to have a far more significant response than we’ve seen to date.” - U.S. Sen. Bob Menendez (D-NJ)- Fox News Sunday
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.