New Jersey legislation · 2026-2027 Regular Session
New Jersey S3545: Homeowners History Property Reinvestment Act-claim tax credit for rehabilitating
Status: In committee, October 15, 2026
"Homeowners' Historic Property Reinvestment Act"; allows homeowners to claim credit against gross income tax for certain costs of rehabilitating historic properties.
What the bill says
An Act allowing homeowners to claim a credit against the gross income tax for certain costs of rehabilitating historic properties, supplementing Title 54A of the New Jersey Statutes.
From the introduced text, February 19, 2026:
An Act allowing homeowners to claim a credit against the gross income tax for certain costs of rehabilitating historic properties, supplementing Title 54A of the New Jersey Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. This act shall be known and may be cited as the "Homeowners' Historic Property Reinvestment Act." 2. As used in this act: "Cost of rehabilitation" means the consideration given, valued in money, whether given in money or otherwise, for the materials and services which constitute the rehabilitation. "Director" means the Director of the Division of Taxation in the Department of the Treasury. "Officer" means the State Historic Preservation Officer or the official within the State designated by the Governor or by statute in accordance with the provisions of chapter 3023 of Title 54, United States Code (54 U.S.C. s.302301 et seq.), to act as liaison for the purpose of administering historic preservation programs in the State. "Principal residence" means a one- or two-family homestead actually and continually occupied by an individual as the individuals permanent residence, as distinguished from a vacation home, property owned and rented or offered for rent by the individual, and other secondary real property holdings, except that the permanent residence of military personnel called to active duty shall be considered to be …
Sponsors
- Shirley K. Turner (D, 15) · primary sponsor
- M. Teresa Ruiz (D, 29)
Latest actions
- : REF SBA
- : REP 2RS
- : INT 1RS REF SSG
Votes
- Senate State Government, Wagering, Tourism & Historic Preservation Committee: Reported favorably (October 15, 2026): 4 yea, 0 nay, passed
Subjects: PROPERTY, TAXATION - PERSONAL INCOME TAX, HISTORIC PRESERVATION
Common questions
- What is S3545?
- S3545 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Homeowners History Property Reinvestment Act-claim tax credit for rehabilitating.
- What does S3545 do?
- In its own words: An Act allowing homeowners to claim a credit against the gross income tax for certain costs of rehabilitating historic properties, supplementing Title 54A of the New Jersey Statutes.
- What is the status of S3545?
- In committee as of October 15, 2026. Latest action: REF SBA (October 15, 2026).
- Who sponsored S3545?
- Shirley K. Turner (D, 15), with 1 co-sponsor.
- Where is the official record for S3545?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S3545
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.