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NJ A5839
Bill
Status
6/16/2025
Primary Sponsor
Brian Rumpf
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AI Summary
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Requires the State to appropriate excess energy/utility sales and use tax revenues above fiscal year 2025 collection levels to the Board of Public Utilities for deposit into the Universal Service Fund
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Funds would support utility assistance programs including the Payment Assistance for Gas and Electric Program and the Lifeline Credit Program
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Amends existing law governing the Energy Tax Receipts Property Tax Relief Fund to carve out an exception for revenues dedicated to utility assistance under this bill
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Based on anticipated 17-20% electricity rate increases, the bill could direct up to $85.2 million in excess tax collections to utility assistance in fiscal year 2026
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Takes effect immediately and applies to State fiscal years beginning on or after July 1, 2025
Legislative Description
Dedicates certain energy sales and use tax receipts to support utility assistance programs.
Telecommunications and Utilities
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee
6/16/2025