{"data":{"id":"us-nj/n.j.-stat.-55-19-52","jurisdiction":"us-nj","citation":"N.J. Stat. § 55:19-52","heading":"Municipal ordinance to provide for tax abatement, payment in lieu of taxes","body":"33.  In order to provide security for the bonds or other obligations authorized herein, a municipality may adopt an ordinance which provides for tax abatement within a redevelopment area and for a payment in lieu of taxes.  Any tax abatement granted by the municipality and any agreement for the payment in lieu of taxes shall be included as part of a financial agreement between the municipality and the developer in accordance with the provisions of P.L.1991, c.431 (C.40A:20-1 et seq.); provided, however, that provisions of subsection b. of section 12 of P.L.1991, c.431 (C.40A:20-12), subsection a. of section 14 of P.L.1991, c.431 (C.40A:20-14) and subsection c. of section 18 of P.L.1991, c.431 (C.40A:20-18)shall not apply to any financial agreement entered into pursuant to this section.\nL.1996,c.62,s.33.","path":["TITLE 55 TENEMENT HOUSES AND PUBLIC HOUSING"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"9f938f025220ff1961cd107908ecd43e240e367433b7e27d73f8698cb63eec3b","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-55-19-51","next":"us-nj/n.j.-stat.-55-19-53"},"notice":"GroundRules: Original legal text. Not legal advice."}