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Bill > S467


NJ S467

NJ S467
Provides State income tax credit for removal of lawns near Barnegat Bay.


summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill authorizes a recurring annual tax credit of $250 against the State income tax to owners of properties situated within 1,000 feet of Barnegat Bay and its tributaries who replace grass lawns with stone, crushed shells, or other similar materials. Property owners with existing stone or crushed shell lawns would also be eligible for this benefit. The bill's objective is to provide an incentive to property owners to reduce the amount of lawn fertilizers and other chemical agents used in landscaping that flow into Barnegat Bay. These substances are believed to be one of the major causes of the degradation of the bay's waters and ecosystems.

AI Summary

This bill provides a recurring annual state income tax credit of $250 for property owners who live within 1,000 feet of Barnegat Bay and its tributaries and replace their grass lawns with materials like stones or crushed shells that do not require fertilizers or other chemical agents that could pollute the bay. This initiative aims to reduce the flow of harmful substances into Barnegat Bay, which are believed to be a major cause of its environmental degradation, and also makes the credit available to those who have already made such lawn replacements. The "New Jersey Gross Income Tax Act" is the state law governing income taxes, and the "Administrative Procedure Act" is the process by which state agencies create and adopt regulations.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Environment and Energy Committee (on 01/09/2024)

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