Prohibits certain property from receiving property tax exemption or abatement.

This bill prohibits properties that received benefits under the Grow New Jersey Assistance Act (2011) or the New Jersey Economic Stimulus Act of 2009 from qualifying for property tax exemptions under two specific laws: the Long Term Tax Exemption Law (P.L.1991, c.431) and the Five-Year Exemption and Abatement Law (P.L.1991, c.441). It directly affects property owners who utilized state economic development incentives, blocking them from receiving additional tax breaks on the same properties. The key provision states that such properties are ineligible for these exemptions or abatements, preventing dual benefits from public funding. The bill takes effect immediately upon enactment.