summary
Introduced
11/17/2025
11/17/2025
In Committee
11/17/2025
11/17/2025
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill prohibits the New Jersey Economic Development Authority (authority) from issuing any form of financial assistance, including grants, loans, loan guarantees, tax credits, or other subsidies, to support the development or operation of a wind energy project. Specifically, the bill amends existing law governing the following programs to remove eligibility for wind energy projects: (1) the Global Warming Solutions Fund; (2) the Emerge Program; (3) the Garden State C-PACE program; and (4) the New Jersey Angel Investor Tax Credit program. The bill also provides that the authority may not provide other forms of financial assistance to support the development or operation of a wind energy project. The bill also repeals a statute that currently provides for the authority to issue tax credits for offshore wind projects, including awards of certain unused Emerge Program or New Jersey Aspire Program tax credits for this purpose.
AI Summary
This bill prohibits the New Jersey Economic Development Authority (EDA) from issuing any financial assistance, including grants, loans, tax credits, or other subsidies, for wind energy projects. The bill makes comprehensive changes across multiple existing laws to remove wind energy from various state economic and clean energy programs. Key provisions include eliminating wind energy's eligibility for the Global Warming Solutions Fund, removing wind energy from renewable energy technology definitions, preventing wind energy projects from receiving tax credits under the Emerge and Aspire Programs, and repealing previous statutes that supported offshore wind project tax credits. The bill effectively blocks all state-level financial support for wind energy development, reflecting a significant policy shift away from wind power as a renewable energy source in New Jersey. The changes are immediate and will apply to any applications submitted to the EDA on or after the bill's effective date, potentially impacting ongoing and future wind energy project development in the state.
Committee Categories
Transportation and Infrastructure
Sponsors (5)
Gerry Scharfenberger (R)*,
Dawn Fantasia (R),
Michael Inganamort (R),
Gregory Myhre (R),
Brian Rumpf (R),
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee (on 11/17/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A6017 |
| BillText | https://pub.njleg.gov/Bills/2024/A6500/6017_I1.HTM |
Loading...