Budget & Taxes

This bill eliminates the 3-year time limit for New Jersey tax authorities to reassess income tax when a taxpayer received an erroneous refund due to intentional fraud. It directly affects taxpayers who intentionally filed false returns to obtain extra money back from the state. The key change removes the previous 3-year deadline, allowing tax assessments at any time for cases where fraud caused the refund. This applies only to deliberate fraud, excluding accidental errors, negligence, or reliance on incorrect advice. The law retroactively covers cases from the five years before the bill's enactment.

This bill modifies New Jersey's NJBEST educational savings program to expand eligibility for matching grants. Taxpayers with gross income of $75,000 or less who open an NJBEST account will now qualify for a dollar-for-dollar match on **all initial deposits** (not just the first deposit), up to a total $750 grant. The change clarifies that all initial contributions to the account - within the $750 cap - will be matched, whereas current law only referenced "the initial deposit." It directly affects low-to-moderate-income New Jersey residents opening these accounts for education savings.

This bill requires New Jersey's Department of Environmental Protection (DEP) to prioritize funding for two types of projects: (1) land acquisition for recreation and conservation, and (2) environmental infrastructure projects that include or enable flood mitigation. It directly affects local governments, nonprofits, and communities seeking DEP grants under the Green Acres program, which uses constitutionally dedicated funds. Key provisions mandate that DEP establish criteria prioritizing projects that protect floodplains, reduce flood risk, conserve natural resources, and support recreational access. The bill amends existing laws to ensure these factors are explicitly considered when ranking eligible projects for funding.

This bill creates the Jersey Strong Public Service Scholarship Program to help students working in critical public service roles. It provides scholarships covering up to $25,000 for two years (after one year of employment) or $50,000 for four years (after two years of employment) at New Jersey public colleges or universities. Eligible students must be NJ residents, U.S. citizens, employed full-time in designated sectors like hospitals, schools, or first responder roles, and meet income and academic requirements. The program requires repayment of funds if a student withdraws without approved reasons or is dismissed from school.

This bill allows New Jersey taxpayers to voluntarily contribute a portion of their state income tax refund or make an additional payment when filing their tax return to support public humanities programming. The contributions would go into a new "New Jersey Council for the Humanities Fund" established within the Department of the Treasury. The state would deduct administrative costs from collected contributions before depositing the net amount into the fund. The Legislature would annually appropriate these funds to the New Jersey Council for the Humanities to provide grants for humanities programs across the state.