N.J. Stat. § 54:4-3.161
Tenant rebate to medical dental practice, administration
New Jersey · New Jersey Statutes Title 54 — Taxation · Status: effective
Cite this
- Citation
- N.J. Stat. § 54:4-3.161, Tenant rebate to medical dental practice, administration, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1482279
- Permanent ID
ys:prov:1482279@1- SHA-256
80eef0e846cca66b2ea6dacaa3ea79aff03bc4b1e2f31b804fca4463dc06ab23
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
5. a. Upon the granting of an exemption from taxation as real property pursuant to section 4 of P.L.2004, c.139 (C.54:4-3.160), an owner of the building or structure granted the exemption shall rebate to a tenant engaged in the medical or dental primary care practice an amount equal to the exemption, which may be a lump sum or rebated through discounted rental payments.
b. The tenant engaged in the medical or dental primary care practice or the owner of the building or structure granted the exemption shall annually submit proof to the local tax assessor that the amount of the exemption was rebated to the eligible tenant. If proof satisfactory to the tax assessor is not provided in the manner that the tax assessor shall establish, the exemption shall not be allowed for the tax year and the owner of the property shall refund the amount of the exemption for that tax year to the municipal tax collector.