TRENTON, N.J. – Today, the Assembly Commerce and Economic Development Committee approved Assemblyman Ron Dancer’s bill that would allow municipalities to create a property tax reward program for residents who patronize local merchants.
“By encouraging people to shop locally we are helping to rebuild our small business communities and providing a much-needed property tax break or rebate in the process,” said Dancer (R-Ocean).
The bill (A4806) codifies a practice that is already in place in communities like Marlboro, Union Township, Voorhees, Lacey, Toms River and others. Customers earn cash rewards by shopping at local participating businesses.
“Small businesses provide jobs, lend their support to community organizations and causes, and create a robust economy. Unfortunately, they have been disproportionately impacted by coronavirus shutdowns and capacity restrictions,” said Dancer. “We have to save our small businesses and in order to do that, we have to get creative. This program can have a positive impact on both our small businesses and loyal local customers.”
Customers who register for the program would be given a rewards card to present at local participating businesses. The amount of the rebate would be determined by each individual business. Residents who shop locally would receive a lower property tax bill for the year and those who live out-of-town or are renters would earn a cash rebate.