"New Jersey Clean Energy Act of 2024"; establishes 100 percent clean electricity standard and directs BPU to establish clean electricity certificate program.
Increases amount of rental payments defined as rent constituting property taxes for purposes of deduction from gross income for property tax payments; increases property tax credit option for certain individuals.
Subjects certain rooming and boarding houses to municipal land use regulations; requires owners and operators of cooperative sober living residences to submit certain approvals with license applications.
Makes $3 million supplemental appropriation for bonus awards for certain COVID-19 emergency essential frontline State workers of Local 195 International Federation of Professional and Technical Engineers.
Requires solid waste management districts to develop strategy to reduce food waste; requires DEP to adopt certain rules and regulations regarding composting facilities.
Establishes Renewable and Efficient Energy Financing Program; authorizes BPU to transfer up to $20 million annually in societal benefits charge revenues to New Jersey Infrastructure Bank for purposes of program.