NJ·Bill·2022-2023 Regular Session
S 1971
Permits certain municipalities to impose stranded nuclear waste fee.
Introduced 2022-03-03Last action 2022-03-03 — Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
Sponsor
Connors, Christopher J.
Cosponsors
None⚫
Died in Senate 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 based on the amount of spent nuclear fuel stored on-site. The fee would be calculated by multiplying the total kilograms of spent fuel by a rate set by the municipality (not to exceed $15 per kilogram), and would be collected for each year that radioactive waste remains at the facility. The revenue generated from this fee must be used exclusively to reduce the municipal property tax levy, effectively providing financial relief to local taxpayers who bear the burden of hosting nuclear waste storage in their community after the plant has stopped generating electricity.
Note
Historical import. Session: 220
Full Bill Text
https://pub.njleg.state.nj.us/Bills/2022/S2000/1971_I1.PDF