Troy Singleton voted Yea (Passage) on this Legislation.
Title: Exempts Certain Manufacturing Facilities from Certain Energy Related Taxes
Signed by Governor Phil Murphy
Title: Exempts Certain Manufacturing Facilities from Certain Energy Related Taxes
Vote to pass a bill that exempts certain manufacturing facilities from certain energy related taxes.
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).
Title: Exempts Certain Manufacturing Facilities from Certain Energy Related Taxes
Title: Exempts Certain Manufacturing Facilities from Certain Energy Related Taxes