Share to Facebook Share to Twitter Bookmark and Share
File #: 15-2153    Version: 1 Name: Tax Abatement Amendment Applications on File Jan 1
Type: Ordinance Status: Adopted
File created: 11/16/2015 In control: Municipal Council and City Clerk
On agenda: 5/4/2016 Final action: 6/15/2016
Title: ORDINANCE AMENDING AND SUPPLEMENTING TITLE X, FINANCE AND TAXATION, CHAPTER 23, FIVE-YEAR TAX EXEMPTION AND ABATEMENT OF THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK, NEW JERSEY, 2000, AS AMENDED AND SUPPLEMENTED, IS HEREBY AMENDED TO AUTHORIZE THE GRANTING OF ABATEMENTS AND EXEMPTIONS FOR APPLICATIONS ON FILE ON JANUARY 1, 2015 TO THE EFFECTIVE DATE OF ORDINANCE 6PSF-g, OCTOBER 7, 2015.
Sponsors: Council of the Whole
Title
ORDINANCE AMENDING AND SUPPLEMENTING TITLE X, FINANCE AND TAXATION, CHAPTER 23, FIVE-YEAR TAX EXEMPTION AND ABATEMENT OF THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK, NEW JERSEY, 2000, AS AMENDED AND SUPPLEMENTED, IS HEREBY AMENDED TO AUTHORIZE THE GRANTING OF ABATEMENTS AND EXEMPTIONS FOR APPLICATIONS ON FILE ON JANUARY 1, 2015 TO THE EFFECTIVE DATE OF ORDINANCE 6PSF-g, OCTOBER 7, 2015.

body

WHEREAS, the Municipal Council adopted an amendment to Title X, Chapter 23, Five-Year Tax Exemption and Abatement ordinance on October 7, 2015; and

WHEREAS, there are applications for exemptions and abatements on file on January 1, 2015, which would qualify for the exemptions and abatements contained in the ordinance amendment; and

WHEREAS, it was the express intention of the Municipal Council that such applications be included within the operation of the ordinance amendments and that this proposed amendment to the ordinance would memorialize said intentions and allow the granting of such exemptions and abatements, which would further be in the best interest of the City of Newark.


NOW, THEREFORE, BE IT ORDAINED BY THE MUNCIPAL COUNCIL OF THE CITY OF NEWARK, NEW JERSEY, THAT:

[Note: Additions are noted as bold and underlined text and deletions as strike-outs.]

Section 1. Title X, Chapter 23, Five-Year Tax Exemption and Abatement of the Revised General Ordinances of the City of Newark, New Jersey, 2000, as amended and supplemented, is hereby amended to read as follows:


CHAPTER 23, FIVE-YEAR TAX EXEMPTION AND ABATEMENT

10:23-5B. EXEMPTIONS AND ABATEMENTS FOR MULTIPLE DWELLINGS.

Exemptions and abatements from taxation shall be permitted within the City other than the Non-Applicable Areas for improvements to Multiple Dwellings.

Categories of improvements eligible for the abatement or exemption shall be approved by the Municipal Council or on an individual basis after review, evaluation, and approval of each application b...

Click here for full text