Gov. Chris Christie will talk middle-class tax reform this afternoon during a town-hall meeting in Lacey Township.
The Lacey Elks Lodge is Christie’s latest stop on a statewide push of his tax-reform agenda.
Christie plans to continue to urge legislators to push forward his agenda for taxpayer relief that he has said is long overdue.
The bipartisan compromise that Christie has proposed includes the ability for homeowners to claim an income-tax credit of as much as 10 percent of their property-tax bills, an information sheet on Christie’s website shows.
Homeowners across the state with income of as much as $400,000 will be eligible for relief, according to the governor’s plan.
The 10 percent credit is capped at $10,000 of paid property taxes, the plan states.
Additionally, an annual $200 deduction would be available for renters in the state, according to the plan, an increase from the current $50 deduction.
Christie projects his plan will provide the average family a savings of $775.
The tax-relief plan would also increase the earned-income tax credit to 25 percent of the federal tax credit.
The town-hall meeting is a public forum, but seating is available on a first come, first serve basis, an RSVP notice from the Governor’s Office states. To attend, RSVP by clicking here.
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