Establishes 90-day State tax amnesty period ending no later than January 15, 2026; dedicates revenues collected during tax amnesty period for Stabilization Aid to school districts; appropriates up to $15 million.

This New Jersey bill creates a 90-day tax amnesty period ending January 15, 2026, for taxpayers who owe state taxes on returns due between September 1, 2017, and January 1, 2025. During this period, eligible taxpayers can pay overdue taxes plus half the accrued interest without additional penalties, fees, or late charges, but must still cover fraud-related penalties. All revenues collected from the amnesty program (minus a 5% penalty for non-participants) will fund Stabilization Aid for school districts that experienced a reduction in state aid compared to the previous year. The bill also appropriates up to $15 million from these revenues to cover the program’s administrative costs.