Dedicates certain energy sales and use tax receipts to support utility assistance programs.

This bill would redirect excess revenues from New Jersey's energy and utility sales and use tax to the Universal Service Fund, supporting programs that help residents with utility costs. If tax collections from energy and utility services exceed those collected in fiscal year 2025, the state must deposit the excess into the Universal Service Fund administered by the Board of Public Utilities. Currently, such excess revenue is deposited into the General Fund rather than specifically for utility assistance programs. The bill would take effect for fiscal years beginning July 1, 2025.