Permits certain municipalities to impose stranded nuclear waste fee.

S 1932 (New Jersey Senate bill) allows municipalities with decommissioned nuclear power plants to charge the plant owner a fee for storing spent nuclear fuel. The fee, capped at $15 per kilogram annually, is calculated based on the total spent fuel stored onsite and must be used solely to lower local property taxes. This bill directly affects eligible municipalities (those hosting decommissioned plants) and the plant owners who would pay the fee. The fee mechanism is straightforward: multiply the stored fuel weight (in kg) by the municipality-determined rate (≤$15/kg), with the revenue dedicated to property tax relief. The bill was introduced in January 2024 and remains pending.