S.1619

Dedicates excess energy sales and use tax receipts to support utility assistance programs.

New Jersey S1619 dedicates a portion of the revenues generated from the taxation of energy or utility services under the sales and use tax to the “Universal Service Fund” to support utility assistance programs. If the total revenues collected in any State fiscal year from the taxation of energy or utility services under the sales and use tax exceed those collected in State Fiscal Year (FY) 2025, then the State would be required to appropriate an amount equivalent to the excess revenues collected during that fiscal year to the Board of Public Utilities (BPU) for deposit into the “Universal.