NJ·Bill·2022-2023 Regular Session
A 3362
Subjects spent nuclear fuel located in a decommissioned nuclear power plant to taxation as business personal property.
Introduced 2022-03-07Last action 2022-03-07 — Introduced, Referred to Assembly Telecommunications and Utilities 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 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 taxes. Currently, most personal property in New Jersey is exempt from taxation with only specific exceptions (like petroleum refinery equipment and certain telephone company property), and this bill adds spent nuclear fuel at closed nuclear plants to that limited list of taxable items. The primary purpose appears to be generating local tax revenue from nuclear waste storage facilities that remain at shutdown power plant sites, ensuring that communities hosting these decommissioned facilities with stored spent fuel can collect property taxes on this material.
Note
Historical import. Session: 220
Full Bill Text
https://pub.njleg.state.nj.us/Bills/2022/A3500/3362_I1.PDF