This week, Speaker Coughlin introduced legislation (A1) that would create a new property tax credit program called StayNJ, which will make it more affordable for residents to stay in their homes. Additional legislation was introduced that will significantly expand medical assistance for health insurance and prescription drugs.
Under StayNJ, the state would provide a 50% credit on seniors’ property tax bills, capped at $10,000. Homeowners who are 65 years or older would be eligible for the tax credit on their principal residence, […].
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