STATEMENT TO

[Second Reprint]

SENATE, No. 3787

with Senate Floor Amendments

(Proposed by Senator SCUTARI)

ADOPTED: JANUARY 14, 2025

      These Senate floor amendments provide that the municipal tax collector or finance officer in a municipality that receives an annual service charge under the “Long Term Tax Exemption Law” is required to:

· notify the chief financial officer of the county within which the municipality is located that the municipality received an annual service charge on the dates specified pursuant to R.S.54:4-66, February 1, May 1, August 1, and November 1, concerning the payment of municipal taxes; and

· directly transmit the five percent remittance to the chief financial officer of the county on the fifteenth day of the month in which each installment of taxes are due.

      The amendments also provide that, if the five percent remittance due to the county is not paid when due, the municipal tax collector or finance officer may be subject to revocation or suspension of their professional certification.