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NJ S1561
Bill
Status
Failed
1/28/2026
Primary Sponsor
Carmen Amato
Click for details
AI Summary
- Spent nuclear fuel stored at decommissioned nuclear power plants would become subject to local property taxation as business personal property under New Jersey law
- Amends R.S.54:4-1, which currently limits taxable business personal property to petroleum refinery equipment and certain telecommunications company assets
- Sponsored by Senator Carmen F. Amato, Jr. representing District 9 (Ocean County), pre-filed for the 2026 legislative session
- Takes effect immediately upon enactment
- Would provide a new revenue source for municipalities hosting decommissioned nuclear facilities with stored spent fuel
Legislative Description
Subjects spent nuclear fuel located in a decommissioned nuclear power plant to taxation as business personal property.
Withdrawn from the Files
Last Action
Withdrawn from Consideration
1/28/2026
Committee Referrals
Community and Urban Affairs1/13/2026
Full Bill Text
No bill text available