Signed by Governor Phil Murphy

Vote Smart's Synopsis:

Vote to pass a bill that exempts certain manufacturing facilities from certain energy related taxes.

Highlights:

• Defines “recycled materials” as any item or commodity which is manufactured or produced in whole or in part from post-consumer waste material (Sec. 1).

• Defines “recycled materials manufacturing facility” as a facility that 

• received services under an electric public utility rate that applied only to the owner of the facility; and 

• Manufactures products made from recycled materials with no less than 90 percent of the content having met the definition of being recycled materials.

• Defines “tax exemption period” as a period of 7 years for a recovered materials manufacturing facility (Sec. 1).

• Exempts a recycled materials manufacturing facility from tax payment requirements for an initial period of 7 years beginning on a date specified by the owner of the aforementioned facility following consultation and filing a notice with the division (Sec. 1).

• Defines “division” as the Division of Taxation in the Department of Treasury (Sec. 1).

Full Bill Text