New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A3481

Introduced
2/5/24  

Caption

Requires electric, gas, and water public utilities to provide bill credits to volunteer fire companies, first aid, rescue, and emergency squads, and nonprofit homeless and domestic violence assistance organizations.

Impact

If enacted, A3481 would amend existing utility regulations by requiring public utilities to offer these credits. The specific percentage of the credits will be set by the Board of Public Utilities, indicating a need for regulatory oversight and standardization in how these credits are calculated and administered. This legislative move is anticipated to have a positive effect on the fiscal management of volunteer and nonprofit organizations, ensuring they can maintain their operations and continue providing vital services to the community.

Summary

Assembly Bill A3481 was introduced in the New Jersey legislature with the goal of supporting essential service organizations like volunteer fire companies, first aid squads, and nonprofit agencies that assist homeless and domestic violence victims. This bill mandates that electric, gas, and water public utilities provide financial credits against their distribution service charges for these organizations. The proposed credits aim to alleviate some financial pressures these organizations face, allowing them to allocate more resources towards their service missions.

Contention

There could be potential concerns regarding the financial implications for public utilities and how these expenses will be offset. Opponents of the bill may argue that such mandates could lead to increased utility rates for the general public or restrict the ability of utilities to invest in infrastructure improvements. Conversely, supporters emphasize the importance of community service organizations and argue that assisting them equates to a greater overall benefit to public welfare. As discussions progress, the balance between financial sustainability for utilities and the need for community support will likely be central to the debate.

Companion Bills

NJ A2550

Carry Over Requires electric, gas, and water public utilities to provide bill credits to volunteer fire companies, first aid, rescue, and emergency squads, and nonprofit homeless and domestic violence assistance organizations.

Previously Filed As

NJ A2550

Requires electric, gas, and water public utilities to provide bill credits to volunteer fire companies, first aid, rescue, and emergency squads, and nonprofit homeless and domestic violence assistance organizations.

NJ A5157

Provides $1,000 income tax deduction for certain volunteer firefighters and members of first aid and rescue squads.

NJ S3479

Provides $1,000 income tax deduction for certain volunteer firefighters and members of first aid and rescue squads.

NJ A2380

Provides $1,000 income tax deduction for certain volunteer firefighters and members of first aid and rescue squads.

NJ A4734

Excludes contributions to volunteer first aid or rescue squads from appropriations cap and property tax levy cap for certain local units.

NJ A532

Excludes contributions to volunteer first aid or rescue squads from appropriations cap and property tax levy cap for certain local units.

NJ SB368

Establishing a tuition credit program for certain members of volunteer fire companies, volunteer ambulance services and volunteer rescue squads and their dependent children and spouses.

NJ HB1154

In volunteer firefighters, repealing provisions relating to employment sanctions; and providing for volunteer emergency responders employer tax credit.

NJ HB23

Relating to volunteer fire departments and volunteer rescue squads; to make legislative findings that volunteer fire departments and volunteer rescue squads fulfill a public purpose; to authorize volunteer fire departments and volunteer rescue squads to purchase kitchen equipment and supplies for their stations; to authorize a tax credit for mileage to firefighters and squad members; and to specify that county commissions are not responsible for the expenditures and activities of volunteer fire departments and volunteer rescue squads.

NJ S2224

Allows certain volunteer firefighters, rescue and first aid squad members to claim $500 income tax deduction.

Similar Bills

No similar bills found.