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NJ S4765
Bill
Status
10/27/2025
Primary Sponsor
Latham Tiver
Click for details
AI Summary
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Exempts electric and gas utility service from New Jersey's sales and use tax from January 1, 2026 through December 31, 2026
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Prohibits electric and gas public utilities from charging customers the societal benefits charge during the same one-year period
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Average residential customers are estimated to save between $170-$233 on electric bills and $178-$308 on gas bills during the suspension
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Responds to electricity rate increases of 17.2% to 20.2% for residential customers that began in June 2025
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The suspended societal benefits charge typically funds the Clean Energy Program, Charge Up New Jersey Electric Vehicle Incentive Program, and Universal Services Fund energy assistance programs, generating an estimated $637.5 million in FY 2026
Legislative Description
Suspends sales and use tax and societal benefits charge on electric and gas public utility bills during one year period beginning January 1, 2026 and ending December 31, 2026.
Environment and Energy
Last Action
Introduced in the Senate, Referred to Senate Environment and Energy Committee
10/27/2025