Bill Text: NJ S2171 | 2024-2025 | Regular Session | Introduced
Bill Title: Authorizes local tax on storage of empty shipping containers.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-01-09 - Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee [S2171 Detail]
Download: New_Jersey-2024-S2171-Introduced.html
STATE OF NEW JERSEY
221st LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION
Sponsored by:
Senator M. TERESA RUIZ
District 29 (Essex and Hudson)
SYNOPSIS
Authorizes local tax on storage of empty shipping containers.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act authorizing municipalities to impose taxes on the storage of empty shipping containers, and supplementing P.L.1970, c.326 (C.40:48C-1 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. The governing body of a municipality may provide, by ordinance, for the imposition and collection of a tax on empty ISO shipping containers stored within the municipality, at the rates and in the manner provided by ordinance.
b. As used in this section:
"ISO shipping container" or "ISO container" means any standardized shipping container constructed in accordance with the standard sizes promulgated by the International Standards Organization for use in intermodal transportation of goods by ship, rail or truck, which shall include but shall not be limited to containers that are 20 feet in length and 8 feet in width, 40 feet in length and 8 feet in width, 45 feet in length and 8 feet in width, 48 feet in length and 8 feet in width, and 53 feet in length and 8 feet in width;
c. All taxes collected by a municipality pursuant to this section shall be remitted to the chief financial officer of the municipality, who shall:
(1) deposit 75% of the amounts collected in a trust account established by the municipality and dedicated exclusively for the purpose of funding infrastructure projects within the municipality, and
(2) remit 25% of the amounts collected to the chief financial officer of the county within which the municipality is located. The chief financial officer of the county shall deposit those amounts in a trust account established by the county and dedicated for the purpose of funding either infrastructure projects within the municipality which collected the tax, or for the acquisition or maintenance of open space within the municipality which collected the tax.
d. The Director of the Division of Local Government Services in the Department of Community Affairs, in consultation with the Director of the Division of Taxation in the Department of the Treasury, shall, within 60 days of the date of enactment of this act, adopt a model ordinance to aid municipal governing bodies considering the imposition and collection of a tax on empty ISO shipping containers pursuant to this section.
2. This act shall take effect
immediately.
STATEMENT
This bill would authorize municipalities to impose taxes on empty ISO shipping containers which are stored within their boundaries. A municipality would retain 75% of the amounts collected and remit 25% of the amounts collected to the county. Amounts retained by a municipality would be held in trust and used to fund infrastructure projects within the municipality. Amounts remitted to the county would be held in trust and used to fund infrastructure projects or for the acquisition or maintenance of open space within the municipality which collected the tax.
Under the bill, the Directors of the Division of Local Government Services and the Division of Taxation would adopt a model ordinance to aid municipal governing bodies considering imposing a tax on empty ISO shipping containers.
