Extends eligibility for homestead rebates to residents making payments in lieu of taxes.

This bill would extend New Jersey's homestead rebate program to residents who make "payments in lieu of taxes" (PILOTs) to municipalities instead of paying standard property taxes. Currently, residents with incomes under $250,000 qualify for rebates based on 18% of property tax payments, up to $10,000. The bill amends the definition of "property tax" to include PILOT payments, making these residents eligible for the same rebates as those who pay direct property taxes. This change would ensure both homeowners paying property taxes and residents making PILOT payments qualify for the "ANCHOR rebates" program. The bill would take effect immediately upon enactment.