# New Jersey S2312: Allows projects supported by State or municipal affordable housing trust fund to be exempt from property tax and to instead contribute to municipal services by making payments in lieu of taxation.

New Jersey S2312, Allows projects supported by State or municipal affordable housing trust fund to be exempt from property tax and to instead contribute to municipal services by making payments in lieu of taxation., is a 220th Legislature (2024-2025) Senate bill sponsored by Troy Singleton (Democratic), Brian P. Stack (Democratic); status failed, last action 2024-03-18 (Substituted by A3337 (1R)) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-S2312-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey S2312
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Allows projects supported by State or municipal affordable housing trust fund to be exempt from property tax and to instead contribute to municipal services by making payments in lieu of taxation.
- Status: failed
- Chamber: Senate
- Introduced: 2024-01-25
- Last action: 2024-03-18, Substituted by A3337 (1R)
- Sponsors: Troy Singleton (Democratic), Brian P. Stack (Democratic)
- Cosponsors: 0
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Troy Singleton (Democratic), Senate
- Sponsor: Brian P. Stack (Democratic), Senate

## Actions (5)

- 2024-03-18: Substituted by A3337 (1R) (Senate)
- 2024-03-11: REP/SCA, 2nd Reading in Senate (Senate)
- 2024-01-25: Referred to Senate Budget and Appropriations Committee (Senate)
- 2024-01-25: Reported, 2nd Reading in Senate (Senate)
- 2024-01-25: Introduced, 1st Reading in Senate, Referred to Senate Community and Urban Affairs Committee (Senate)

## Bill text

- Senate Budget and Appropriations (3/11/24 1R), 2024-03-12: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_R1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_R1.PDF)
- Senate Budget and Appropriations Substitute (3/11/24), 2024-03-12: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_S2.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_S2.PDF)
- As Introduced, 2024-01-26: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_I1.PDF)
- Senate Community and Urban Affairs Substitute (1/25/24), 2024-01-26: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_S1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_S1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [Senate Budget and Appropriations (3/11/24 1R) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_R1.HTM)
- [Senate Budget and Appropriations (3/11/24 1R) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_R1.PDF)
- [Senate Budget and Appropriations Substitute (3/11/24) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_S2.HTM)
- [Senate Budget and Appropriations Substitute (3/11/24) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_S2.PDF)
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_I1.PDF)
- [Senate Community and Urban Affairs Substitute (1/25/24) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_S1.HTM)
- [Senate Community and Urban Affairs Substitute (1/25/24) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S2500/2312_S1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-S2312-2024-2025 (as of 2026-10-17).