NJ Rev Stat § 54:4-8.75i - Intentional Misrepresentation, Repayment, Property Tax Credit, Penalties.

Section 4-8.75i - Intentional Misrepresentation, Repayment, Property Tax Credit, Penalties.

9. Any individual who receives a Stay NJ property tax credit otherwise authorized under this act but as a result of an intentional misrepresentation of a material fact shall be required to repay to the director the amount of the credit and shall be liable to a penalty equal to 150 percent of the amount of the Stay NJ property tax credit paid as a result of that misrepresentation.

L.2023, c.75, s.9.

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