MOUNT OLIVE SENIOR WEB SITE

IMPORTANT INFORMATION!

NJ Tax Relief for Severe Storm Victims

The New Jersey Division of Taxation will follow the guidelines recently provided by the Internal Revenue Service for taxpayers in the Presidential Disaster Relief Areas for severe storms, flooding, mudslides and landslides in New Jersey beginning March 12, 2010. Affected taxpayers include businesses and individuals located in the disaster areas, those whose tax records are in the disaster areas, and relief workers.

The twelve counties covered by the federal declaration are: Atlantic, Bergen, Cape May, Essex, Gloucester, Mercer, Middlesex, Monmouth, Morris, Passaic, Somerset and Union.

Taxpayers affected by the storms now have until May 11, 2010 to file their New Jersey tax returns such as individual income tax, corporation business tax, sales tax, inheritance tax, estate tax, partnership and other business taxes administered by the Division of Taxation and to submit payments for any return and/or payment, including estimated payments which have either an original or extended due date occurring on or after March 12, 2010 and on or before May 11, 2010. If the IRS further extends the filing deadline for federal tax purposes, the deadline for New Jersey returns and payments will also be extended. In addition to the New Jersey counties, nonresident taxpayers with a filing requirement in New Jersey who are in Presidential Disaster areas in other states also have until May 11, 2010 to file any New Jersey non-resident tax returns that are due during the extension period.

If you are affected by the storms and the due date for filing your return and for paying your tax is postponed by the Division of Taxation, you are eligible for interest and penalty abatement on underpaid tax that would otherwise accrue for the period of the postponement.

If you receive a billing notice from the Division, you should call our Customer Service Center at the number listed on the notice to explain your circumstances.

If you have additional questions about New Jersey tax relief for storm victims, call 609-292-6400 or e-mail the Division.

2009 Property Tax Reimbursement Program (Senior Freeze)

The proposed State Budget for Fiscal Year 2011 contains changes to the Property Tax Reimbursement Program (also known as the “Senior Freeze”). Under the proposal, only those applicants who received a reimbursement check for tax year 2008 and met all the eligibility requirements, including the income limits for 2009, would be eligible to receive a reimbursement for 2009. In addition, reimbursements for tax year 2009 (to be paid in 2010) cannot exceed the amount approved for payment to the applicant for 2008.

Under the proposal, residents who were not in the program last year (They did not receive a 2008 reimbursement) because they did not meet the age, income or other eligibility requirements cannot receive a reimbursement this year even if they meet all the eligibility requirements for tax year 2009. The chart below illustrates which applicants will be able to receive a reimbursement this year.

In 2008		In 2009
You Filed Application	You Received a Reimbursement	You Filed Application	You Meet Eligibility Requirements	Your Reimbursement* Will Be Approved
Yes	Yes	Yes	Yes	Yes
Yes	Yes	Yes	No	No
Yes	No	Yes	Yes	No
-	No	Yes	Yes	No

*2009 reimbursement amount limited to amount calculated for 2008.

The Division of Taxation will continue to accept 2009 applications from residents who either did not file a 2008 application or who filed an application for 2008 that was not approved for a payment. However, if enacted, the proposed budgetary changes would limit 2009 reimbursements to those who filed a 2008 application that was approved for a reimbursement. For more information, go to http://www.state.nj.us/treasury/taxation/2009ptr_seniorfreeze.shtml.

CABLE TELEVISION REBATE PROGRAM FOR ELIGIBLE

PHARMACEUTICAL ASSISTANCE TO THE AGED AND DISABLED (PAAD) PARTICIPANTS

Due to the current budget crisis facing New Jersey, the proposed Fiscal Year 2011 State Budget suspends the Cable TV Rebate Program. Accordingly, the state will not be mailing rebate checks this month as previously scheduled. For more information, go to http://www.state.nj.us/treasury/cabletvrebate/.