New Jersey A4998 authorizes use of corporation business tax revenues for grants to local governments to fund projects preventing harmful algal blooms.

New Jersey A4998 would authorize the use of constitutionally dedicated corporation business tax (CBT) revenues to provide grants to local governments to fund sewer or stormwater infrastructure projects that reduce nonpoint source pollution of the State’s lakes and reservoirs, and help prevent harmful algal blooms. The bill would allow monies from the “Watershed Management Fund” to be used for these grants.

New Jersey A4998 authorizes use of corporation business tax revenues for grants to local governments to fund projects preventing harmful algal blooms.

New Jersey A4998 would authorize the use of constitutionally dedicated corporation business tax (CBT) revenues to provide grants to local governments to fund sewer or stormwater infrastructure projects that reduce nonpoint source pollution of the State’s lakes and reservoirs, and help prevent harmful algal blooms. The bill would allow monies from the “Watershed Management Fund” to be used for these grants.