Site-remediation/tax refund bill advances

TRENTON – A bill inspired by a tax appeal case involving an old refinery site in southern New Jersey cleared the Senate Budget Committee today.

S1460 would require that before any tax refund is paid to a company that must clean up environmental problems at its property that the refund go to the Department of Environmental Protection to ensure compliance.

The bill, sponsored by Senate President Steve Sweeney, (D-3), West Deptford, was introduced in response to a situation with an old Sunoco refinery in West Deptford that is involved in tax appeals in which millions of dollars are at stake.

Sweeney and other lawmakers said earlier that companies cannot be allowed to pocket tax appeal refunds and walk away from unremediated sites.

The bill passed along party lines with the Democratic majority on the committee supporting it but the Republicans abstaining.

Previous coverage:

Refinery tax appeal status sparks legislation

 

Site-remediation/tax refund bill advances