A1107 — Requires municipalities to share certain payments in lieu of property taxes with school districts; informs counties, school districts, and DCA of certain information related to property tax exemptions and abatements.

A1107 — Requires municipalities to share certain payments in lieu of property taxes with school districts; informs counties, school districts, and DCA of certain information related to property tax exemptions and abatements. · Informed CitizenryThis bill amends New Jersey laws regarding property tax exemptions and payments in lieu of property taxes (PILOTs). It requires municipalities to share a portion of PILOT payments received from urb…Open in Informed Citizenry