Bill
Bill > S1562
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
01/28/2026
01/28/2026
Introduced Session
2026-2027 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 allows municipalities that have a decommissioned nuclear power plant, meaning a plant that no longer generates electricity but still stores spent nuclear fuel onsite, to impose a special fee on the owner of that plant. This fee, which can be up to $15 per kilogram of spent nuclear fuel stored, would be collected annually and can only be used by the municipality to reduce local property taxes.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Withdrawn from Consideration (on 01/28/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S1562 |
| BillText | https://pub.njleg.gov/Bills/2026/S2000/1562_I1.HTM |
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