Source: https://www.ecode360.com/12541859
Timestamp: 2017-10-21 23:14:54
Document Index: 636282517

Matched Legal Cases: ['§ 79', '§ 79', '§ 79', '§ 79', '§ 79', '§ 79', '§ 79']

Chapter 79: TAXATION
Five-Year Tax Exemption and Abatement (§ 79-1 — § 79-17)
Chapter 79 : TAXATION
Article I: Five-Year Tax Exemption and Abatement
Tax exemptions and abatements authorized.
Improvements to multiple dwellings.
Improvements to mixed-use, commercial and industrial structures.
Construction of new mixed-use, commercial and industrial structures.
Eligibility for additional construction or improvement.
Applicability of statutory regulatory provisions.
Applicability of federal, state and local laws.
Cessation or disposition of property.
Default in tax payments.
Taxes upon termination.
§ 79-13
§ 79-14
Copy sent to Department of Community Affairs.
§ 79-15
§ 79-16
§ 79-17
In the event of default by the applicant, including but not limited to the failure to make timely tax or in-lieu-of-tax payments to the municipality, the municipality shall notify the applicant, in writing, of said default. The applicant shall have 30 days to cure any default. Following the thirty-day cure period, the municipality shall have the right to proceed against the property pursuant to the In Rem Tax Foreclosure Act, N.J.S.A. 54:4-1 et seq.,
and/or may cancel the financial agreement upon 30 days' notice to the applicant.