New Jersey 2024-2025 Regular Session

New Jersey Senate Bill S2297

Introduced
1/25/24  
Introduced
1/13/26  
Refer
1/25/24  

Caption

Provides corporation business tax and gross income tax credits for certain solar energy system expenditures.

Impact

The potential impact of SB 2297 on state laws revolves around the relationship between state and local governance regarding energy regulations. By permitting municipalities to dictate energy sources for new construction, the bill effectively shifts some regulatory power from state mandates to local decision-making bodies. This change could lead to a patchwork of regulations across the state, as different municipalities may adopt varying policies on gas connections, depending on local priorities and environmental goals.

Summary

Senate Bill 2297 aims to enhance local municipalities' authority by allowing them to prohibit gas connections in new construction projects. The bill was introduced with the intent of promoting cleaner energy alternatives, particularly focusing on electric power, which is increasingly viewed as a more environmentally friendly source compared to natural gas. This legislation, if enacted, represents a significant step towards empowering local authorities to address energy consumption issues at the municipal level, reflecting a broader trend towards sustainability in state energy policies.

Sentiment

The sentiment regarding SB 2297 appears to be predominantly positive among proponents of renewable energy and environmentally conscious groups. Supporters argue that this bill is essential for combating climate change and promoting sustainable construction practices. However, there could be opposition from stakeholders in the natural gas sector who may view the bill as an overreach that could limit energy choices. The debate is likely to highlight differing opinions on energy independence versus environmental responsibility.

Contention

Should SB 2297 become law, it may provoke notable contention among municipal authorities, construction companies, and energy providers. Key points of contention may include the feasibility of alternatives to natural gas, the financial implications for new construction projects, and concerns over local control versus rising regulatory barriers. Additionally, stakeholders might challenge the implications of restricting energy sources on overall economic growth and community development.

Companion Bills

NJ A545

Same As Provides corporation business tax and gross income tax credits for certain solar energy system expenditures.

NJ A1262

Carry Over Provides corporation business tax and gross income tax credits for certain solar energy system expenditures.

NJ S1130

Carry Over Establishes certain standards for health benefits plans with tiered network.

Previously Filed As

NJ S659

Provides corporation business tax and gross income tax credits for certain solar energy system expenditures.

NJ S2231

Provides temporary corporation business tax and gross income tax credits for certain employer-provided child care expenditures.

NJ A4145

Provides temporary corporation business tax and gross income tax credits for certain employer-provided child care expenditures.

NJ S2195

Provides corporation business tax and gross income tax credits for businesses that employ apprentices in DOL registered apprenticeships.

NJ S1667

Provides corporation business tax credits and gross income tax credits to businesses employing and retaining certain neurodiverse individuals.

NJ A3075

Provides corporation business tax credits and gross income tax credits to businesses employing and retaining certain neurodiverse individuals.

NJ A3565

Provides corporation business tax credits and gross income tax credits for purchase of certain compressed natural gas vehicles.

NJ A1757

Provides corporation business tax and gross income tax credits for businesses that employ formerly incarcerated individuals.

NJ A1274

Allows exclusion of certain small business income from taxation under gross income tax and corporation business tax.

NJ S877

Provides temporary corporation business tax and gross income tax credits for insourcing business to New Jersey.

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CA AB2263

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NJ S385

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NJ A494

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CA SB1107

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TX HB2841

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IA HSB323

A bill for an act relating to animal feeding operations, by providing for the regulation of anaerobic digester systems, providing fees, making penalties applicable, and including effective date and applicability provisions.(See HF 989.)

IA HF989

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