Subjects spent nuclear fuel located in a decommissioned nuclear power plant to taxation as business personal property.

This bill (S 1931) changes New Jersey's property tax law to require decommissioned nuclear power plants to pay taxes on spent nuclear fuel stored on-site. Currently, this fuel is excluded from taxation under the state's business personal property rules, but the bill removes that exclusion. The tax would apply directly to the spent fuel itself as taxable property, not to the plant or other assets. It affects nuclear facilities that have decommissioned but still hold spent fuel on their premises.