Welcome Guest. Register Now!  


New Jersey NJ


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 06-10-2009, 09:12 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
Will Taxpayers be entitled to the New Jersey Property Tax Rebate in 2009?

Despite the fact that "property tax rebates" have been around for several years in New Jersey, the New Jersey Gov. Jon Corzine said that the budget problems have forced him to reverse the giveback policy this year."

According to the State of New Jersey Division of Taxation, "last year more than 1 million rebate checks went out to households making up to $150,000 and the year before that folks making as much as $250,000."

Gov. Jon Corzine had initially proposed keeping the rebate checks for households making less than $75,000, but Gov. Corzine said "the tax rate is down because he's put more money into education."

The governor said his cut could potentially save the state more than $900 million but that his ultimate goal is to eventually restore the rebate program.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How Much Rebate will taxpayers get in 2008? TaxGuru For 2008 10 10-07-2014 12:13 AM
What New Jersey taxes are eligible for 2009 Tax Amnesty? TaxGuru New Jersey 0 06-08-2009 09:38 AM
Can taxpayers claim the tax credit in 2008 for a home bought in 2009? TaxGuru Homeowner Tax 0 01-29-2009 03:02 AM
Which Taxpayers will not be getting a Tax Rebate check? TaxGuru For 2008 1 02-24-2008 02:48 PM
Is the Property tax rebate (NJ) taxable on federal return? nilbos Income 1 04-11-2007 10:22 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.