Dedicates certain energy sales and use tax receipts to support utility assistance programs.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to provide financial support for utility assistance programs in New Jersey. It dedicates a portion of the state’s energy sales and use tax receipts – specifically, any excess revenue collected in a given fiscal year compared to FY 2025 – to the ‘Universal Service Fund.’ This fund is then used to support programs like the Payment Assistance for Gas and Electric Program. The bill also modifies existing laws to establish a ‘Energy Tax Receipts Property Tax Relief Fund’ and outlines how revenues from various sources (including utility taxes) should be distributed to municipalities.
Bill text
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Document of record
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Sponsors
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2 on record
Primary sponsors
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