Moorestown Council Considering Tax Rebate for Shopping Local

Moorestown, NJ -- Shop local. Get a tax rebate.

That may soon be the reality for Moorestown residents after Deputy Mayor Victoria Napolitano broached the idea during Monday night’s town council workshop session.

“It’s a program that provides tax rebates for shopping local, and anyone can participate,” Napolitano said.

A portion of the sales, 2 percent, goes to Marlboro-based Fincredit, the company that oversees the program, which was launched in Marlboro in 2012.

There are 17 towns that currently participate in the program, according to Napolitano.

Residents acquire a rebate card from their town, and local businesses are equipped with machines that read the card. They then see the savings on their property tax bill, according to the Asbury Park Press.

There is no cost for residents, and municipalities are typically consulting sponsors to cover the cost of printing cards in exchange for advertising, according to the report.

Napolitano said she has already spoken to potential sponsors.

“I’ve spoken with officials in other towns and they are happy with it,” Napolitano said.

“I spoke to a town in its third year of the program, and it’s pretty seamless for them at this point,” Moorestown Chief Financial Officer Tom Merchel said.

Napolitano said she introduced the idea to local businesses last week and received a positive response.

Council agreed to ask Fincredit President and CEO Carmine de Falco to make a presentation to council on the program in the near future.