NJ·Bill·2022-2023 Regular Session
A 3364
Permits certain municipalities to impose stranded nuclear waste fee.
Introduced 2022-03-07Last action 2022-03-07 — Introduced, Referred to Assembly State and Local Government Committee
Sponsor
Gove, DiAnne C.
Cosponsors
None⚫
Died in Assembly committee
The 2022-2023 Regular Session ended on 2023-12-31. This bill was introduced when the session adjourned and did not advance to enactment.
Legislative Progress
✗
Introduced
2
In Committee
3
Passed Chamber
4
Enacted / Signed
Summary
This bill authorizes municipalities that host decommissioned nuclear power plants to impose an annual "stranded nuclear waste fee" on the plant owners for storing spent nuclear fuel onsite. The fee would be calculated based on the amount of spent fuel stored, with municipalities able to charge up to $15 per kilogram of nuclear waste through a local ordinance. The revenue generated from this fee must be used exclusively to reduce the municipality's property tax levy, providing financial relief to local taxpayers who continue to bear the burden of hosting nuclear waste storage after the plant has stopped generating electricity.
Note
Historical import. Session: 220
Full Bill Text
https://pub.njleg.state.nj.us/Bills/2022/A3500/3364_I1.PDF