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Terms Used In New Jersey Statutes 54:4-8.61

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
5. a. For tax year 2003, the director shall determine the amount of the homestead rebate that shall be paid to an applicant who was a resident of this State for the full tax year and whose homestead has been other than a unit of residential rental property for a part of the tax year and has been a unit of residential rental property for the remainder of that year, based upon a proportionate application of the provisions of both section 3 of P.L.1990, c.61 (C. 54:4-8.59) and section 4 of P.L.1990, c.61 (C. 54:4-8.60) as may apply for each part of the tax year, and based upon the information provided by the individual applicant in the applicant’s application or from any other information as may be available to the director.

b. For tax year 2003, the director shall determine the amount of the homestead rebate that shall be paid to an applicant who was a resident of this State for less than the full tax year, and whose homestead has been other than a unit of residential rental property for a part of the tax year and has been a unit of residential rental property for the remainder of that year, based upon a proportionate application of the provisions of both section 3 of P.L.1990, c.61 (C. 54:4-8.59) and section 4 of P.L.1990, c.61 (C. 54:4-8.60) as may apply for each part of the tax year, and based upon the information provided by the individual applicant in the applicant’s application or from any other information as may be available to the director.

c. (Deleted by amendment, P.L.2004, c.40.)

d. (Deleted by amendment, P.L.2004, c.40.)

L.1990,c.61,s.5; amended 1999, c.63, s.7; 1999, c.259, s.2; 2001, c.159, s.3; 2004, c.40, s.6.