Eliminates Energy Tax Receipts Property Tax Relief Aid and Consolidated Municipal Property Tax Relief Aid; establishes Municipal Property Tax Relief Fund.

This bill replaces New Jersey's existing Energy Tax Receipts Property Tax Relief Aid and Consolidated Municipal Property Tax Relief Aid programs with a new "Municipal Property Tax Relief Fund." Starting in fiscal year 2026, the fund will receive annual payments from energy utility sales taxes, corporation business taxes on utilities, and other specified sources, totaling approximately $1.455 billion in 2026 (adjusted annually for inflation). Municipalities will receive payments based on a formula considering population, income, property values, and other community factors, with a guarantee that no municipality receives less than what it received in 2024 (or 2025 for those using a state fiscal year). The bill directly affects all New Jersey municipalities by changing how they receive state-funded property tax relief.