TRENTON – A bill sponsored by Senate Environment Committee Chair Bob Smith and Senate Majority Leader Steve Sweeney which would allow taxpayers to apply for a property tax exemption for energy cost saving measures was unanimously approved by the Senate Community and Urban Affairs Committee today.
“New Jersey has a strong track record of promoting and incentivizing green technology,” said Senator Smith, D-Middlesex and Somerset. “This bill is another step in that direction, offering tax breaks for property owners seeking to minimize their carbon footprint and reliance on natural resources. We need to continue to encourage environmental conscience and ensure that environmentally-sound improvements aren’t cost-prohibitive for property owners.”