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Bill > A3363


NJ A3363

NJ A3363
Deems spent nuclear fuel from decommissioned nuclear power plant to be real property.


summary

Introduced
03/07/2022
In Committee
03/07/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill would deem spent nuclear fuel that is located in a decommissioned nuclear power plant to be real property for the purposes of chapter 4 of Title 54 of the Revised Statutes, and therefore subject to property taxation.

AI Summary

This bill deems spent nuclear fuel located in a decommissioned nuclear power plant to be considered real property for the purposes of property taxation under New Jersey law. The bill also requires the Director of the Division of Taxation to adopt rules and regulations to implement the provisions of the bill within 90 days of its enactment, and specifies that the bill will take effect immediately.

Committee Categories

Transportation and Infrastructure

Sponsors (2)

Last Action

Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 03/07/2022)

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