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May 20, 2011

Re:       URGENT LEGISLATIVE ALERT
            S-2762 - Commercial and Industrial Property Tax Refunds Resolution of Support

Dear Mayor:

As we reported yesterday (see May 19th Dear Mayor letter), S-2762, as amended, would permit a municipality to pay commercial and industrial property tax refunds for tax years 2010 and 2011 over subsequent three local budget years is scheduled for a full Senate vote this Monday, May 23rd.  

We are pleased to note that Assemblyman Coutinho has just proposed for introduction A-4084, the Assembly companion to S-2762. 

We need to support the legislation to address property tax refunds for commercial and industrial properties.  We believe that by limiting to commercial and industrial properties it will be a substantial improvement to the situation for many communities. However, there is strong opposition to the bill and we need your help.

In addition to contacting your State Senator and urging them to support S-2762, we urge you to adopt a sample resolution (Word or PDF) Urging the Swift Passage of S-2762/A-4084.

If you have any questions or need additional information on S-2762/A-4084 please contact Lori Buckelew at lbuckelew@njslom.com or 609-695-3481 x122.

Very truly yours,

 

William G. Dressel, Jr.
Executive Director

 

 

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