Gov. Christie OKs Flood-Linked Property Tax Breaks

Law360, New York (January 21, 2014, 5:18 PM EST) -- New Jersey Gov. Chris Christie has signed into law a bill that will provide tax relief to towns that are acquiring flood-prone homes through the state’s Blue Acres program in an effort to avoid widespread damage by turning properties into green space.

The bill will exempt towns that purchase flood-prone properties from paying school, county and fire district real property taxes. It sponsored by Assembly members Valerie Vainieri Huttle, D-Bergen; Tim Eustace, D-Bergen/Passaic; Holly Schepisi, R-Bergen; and Jack Ciattarelli, R-Somerset-Hunterdon-Mercer-Middlesex; and by Senate members Robert M....
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