A 1767

This bill amends New Jersey tax law to classify spent nuclear fuel stored at decommissioned nuclear power plants as taxable business personal property, making it subject to annual property taxation. Currently, most personal property in New Jersey is exempt from taxation, with only limited exceptions such as petroleum refinery equipment and certain telecommunications infrastructure; this bill adds spent nuclear fuel at shut-down nuclear facilities to that narrow list of taxable personal property. The primary impact would be to generate new local tax revenue from companies storing spent nuclear fuel at closed nuclear plants, effectively creating a financial obligation for maintaining nuclear waste storage even after a plant has ceased operations.