N.J.S.A. § 54:4-3.151.
Findings, declarations relative to contaminated real property
2. The Legislature finds that there are numerous properties that are underutilized or that have been abandoned and that are not being utilized for any commercial use because of contamination that exists at those properties; that abandoned contaminated properties harm society by causing a burden on municipal services while failing to contribute to the funding of those services; that a disproportionate percentage of these properties are located in older urban municipalities given the fact that these municipalities were once the center for industrial production; that the revitalization of these properties will not only bring tax ratables to the municipality and other local governments, but will result in job creation and foster urban redevelopment; that one of the central tenets of the State Development and Redevelopment Plan is to redevelop urban areas with existing utilities and infrastructure and that the use of these now abandoned or underutilized sites for commercial purposes will make a significant contribution toward implementing the plan; that the federal "Clean Air Act" encourages the reindustrialization of urban areas as this would provide jobs near where people live thus reducing harmful air pollutants emitted from automobiles needed to travel distances to places of employment; and that it is in the economic interest of the State and the municipalities in which abandoned or underutilized contaminated properties are located to encourage the remediation of these properties so that they can be reused or fully used for commercial, residential, or other productive purposes.
L.1995,c.413,s.2; amended 1997, c.278, s.21.
Source: view the official text
In this chapter (40 sections)
- 54:4-3.131. · Certified automatic fire suppression system; tax exemption
- 54:4-3.132. · Certification; application; inspection
- 54:4-3.133. · Certificate; issuance; contents; commencement of exemption
- 54:4-3.134. · Revocation
- 54:4-3.135. · Appeals from action of enforcing agency, director of…
- 54:4-3.136. · Amount of exemption from assessed valuation
- 54:4-3.137. · Rules and regulations
- 54:4-3.138. · Tax exemption
- 54:4-3.139. · Findings, determinations
- 54:4-3.140. · Definitions
- 54:4-3.141. · Determination of need of rehabilitation; conversion or…
- 54:4-3.142. · Abatements of real property taxes for qualified…
- 54:4-3.143. · Tax abatements for purchaser of residential property in…
- 54:4-3.144. · Application procedure for tax abatement
- 54:4-3.145 · Financial agreement; payments in lieu of taxes
- 54:4-3.146. · Annual administration fee payable by owner to municipality
- 54:4-3.147. · Payments to be made quarterly, failure to pay; penalty
- 54:4-3.148. · Liability of owner for real property taxes on land
- 54:4-3.149. · No abatement granted for properties on which taxes are…
- 54:4-3.15 · Exemption of property used by veterans who sustained a…
- 54:4-3.151. · Findings, declarations relative to contaminated real…
- 54:4-3.152. · Definitions
- 54:4-3.154. · Ordinance providing for tax exemptions
- 54:4-3.156. · Financial agreement evidencing approved exemption
- 54:4-3.158 · Remedial action workplan
- 54:4-3.159 · Real property acquired by Meadowlands Conservation Trust…
- 54:4-3.160 · Resolution to provide property tax exemption for medical…
- 54:4-3.161 · Tenant rebate to medical dental practice, administration
- 54:4-3.18. · Exemption of turnpikes
- 54:4-3.19. · Exemption of metals in transit
- 54:4-3.20. · Exemption of personal property in storage
- 54:4-3.21. · Exemption of motor vehicles
- 54:4-3.24. · Exemption of property of certain young people's…
- 54:4-3.26. · Exemption of certain property of fraternal organizations
- 54:4-3.26a. · Exemption of property of fraternal organizations; date of…
- 54:4-3.27. · Exemption of property of certain volunteer aid and relief…
- 54:4-3.28. · Growing crops, trees, shrubs and vines not taxable before…
- 54:4-3.29. · Veterans' loans, exemption from taxation
- 54:4-3.3 · Exemption of public property
- 54:4-3.30 · Disabled veteran's exemption