A345 — Requires cost-benefit analyses and local government financial impact findings for approval of long term property tax exemption.

A345 — Requires cost-benefit analyses and local government financial impact findings for approval of long term property tax exemption. · Informed CitizenryThe bill amends Section 8 of P.L.1991, c.431 (C.40A:20-8) regarding urban renewal entities seeking long term property tax exemptions. To proceed with any project, an entity must submit a written ap…Open in Informed Citizenry