Concerns expenses to municipalities for tree purchase, planting, and removal.

This bill amends New Jersey law to establish a 15-year depreciation period specifically for municipal expenses related to purchasing, planting, or removing trees and shrubbery. It adds this provision to the existing list of infrastructure asset categories in N.J.S.40A:2-22 (section l), directly affecting New Jersey municipalities that manage public tree programs. The key mechanism is the standardized 15-year accounting period for these tree-related costs, aligning them with other public infrastructure like sidewalks (10 years) or street improvements (20 years). This change simplifies municipal financial reporting for tree management without altering tree care policies or public obligations.