New Jersey S1562 would allow municipalities with decommissioned nuclear power plants to impose a fee on the plant's owner.
New Jersey S1562 would authorize municipalities with decommissioned nuclear power plants to impose a stranded nuclear waste fee on the plant's owner. The fee, calculated based on the amount of spent nuclear fuel stored, would be limited to $15 per kilogram. The revenue generated would be used solely to reduce the municipal property tax levy. The fee would be imposed annually by ordinance approved by the municipality's governing body.
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