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NJ A6017
Bill
Status
11/17/2025
Primary Sponsor
Gerard Scharfenberger
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AI Summary
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Prohibits the New Jersey Economic Development Authority from issuing any financial assistance, including grants, loans, loan guarantees, tax credits, or other subsidies, for the development or operation of wind energy projects
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Removes wind energy projects from eligibility under several state programs: the Global Warming Solutions Fund, the Emerge Program tax credits, the Garden State C-PACE (Commercial Property Assessed Clean Energy) program, and the New Jersey Angel Investor Tax Credit program
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Repeals the existing statute (Section 6 of P.L.2010, c.57) that authorized tax credits specifically for qualified offshore wind projects, including the allocation of up to $350 million in unused Emerge or Aspire Program credits for offshore wind
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Removes "wind energy" from the statutory definitions of "renewable energy technology" and "renewable energy system" across multiple programs, while retaining eligibility for solar, geothermal, biomass, and other renewable sources
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Applies to any application submitted to the Economic Development Authority on or after the effective date of the act
Legislative Description
Prohibits EDA from issuing subsidies for wind energy projects.
Telecommunications and Utilities
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities Committee
11/17/2025