s1460

TRENTON – Legislation sponsored by Senate President Steve Sweeney that will ensure the clean up of contaminated sites in New Jersey has been signed into law. The Senate President announced his intention to sponsor the legislation earlier this year in front of the shuttered Sunoco Coastal Eagle Point Refinery in West Deptford.

The law, S-1460, requires that any property tax refund awarded to an industrial property that has been totally or partially decommissioned and is subject to federal or state orders for remediation go directly to the state Department of Environmental Protection, to be used for environmental cleanup of the location. Any money leftover after the cleanup is complete will be returned to the owner of the property. The law also authorizes a municipality to assess an annual charge on the owner of the contaminated property to cover remediation costs.

TRENTON – Legislation sponsored by Senate President Steve Sweeney that would ensure the clean up of environmentally contaminated sites in New Jersey cleared the Senate Environment and Energy Committee today. The Senate President announced his intention to sponsor the legislation last month in front of the shuttered Sunoco Coastal Eagle Point Refinery in West Deptford.

The bill, S-1460, would require that any property tax refund awarded to an industrial property that has been totally or partially decommissioned and is subject to federal or state orders for remediation would be given directly to the state Department of Environmental Protection. The money would then be used for environmental cleanup of the location. Any money leftover after the cleanup is complete would then be returned to the owner of the property. The bill would also authorize a municipality to assess an annual charge on the owner of the contaminated property to cover remediation costs.