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Bill > S1971


NJ S1971

NJ S1971
Permits certain municipalities to impose stranded nuclear waste fee.


summary

Introduced
03/03/2022
In Committee
03/03/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill would permit the governing body of a municipality in which there is located a decommissioned nuclear power plant in which spent nuclear fuel is stored, by ordinance, to impose a stranded nuclear waste fee on the owner of the decommissioned nuclear power plant for every calendar year in which spent nuclear fuel is stored in the decommissioned nuclear power plant. The amount of the annual fee would be equal to the number of kilograms of spent nuclear fuel stored at the decommissioned nuclear power plant multiplied by the fee per kilogram established in the ordinance. The fee per kilogram could not exceed $15. The use of the annual fee would be limited to reducing the municipal property tax levy.

AI Summary

This bill would permit certain municipalities in New Jersey where a decommissioned nuclear power plant with spent nuclear fuel stored on-site is located to impose an annual "stranded nuclear waste fee" on the owner of the decommissioned plant. The fee would be calculated based on the number of kilograms of spent nuclear fuel stored at the plant, with a cap of $15 per kilogram. The revenue from this fee would be used solely to reduce the municipal property tax levy.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 03/03/2022)

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