Tax Information And Guide

Tax Software To address problems highlighted by the drought, a state Senate committee yesterday approved legislation to raise an estimated $11.6 million a year for water supply and safety projects through a fee on water use.

After approving the tax incentives, then Congress moved to fund reconstruction efforts for the region. Hurricane Tax Relief Senate lawmakers had removed much of the original House language and had replaced it with provisions culled from the Senate version. The Senate approved the measure by unanimous consent, amended bill.

Software Tax The fee of three cents per thousand gallons of water used would cost the average household $2.40 per year, according to the sponsor, Sen. Robert Smith (D-Middlesex). Industrial users would also pay the fee unless they recycle the water they use.

In June 2003, the House approved the $162 billion "Death Tax Repeal Permanency Act of 2003" in a vote of 264 to 163. If passed in the Senate, the bill would cancel the sunset clause in President Bush's 2001 act. And the Estate Tax would be permanently repealed. The Senate has yet to act on this bill.

Every Landlord Tax Deduction The measure would also pay for monitoring and for training to prevent the intentional contamination of water by terrorists. Smith called the user fee "a small price to pay" to protect the state's water supply.

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Tax Help Critics labeled the fee a new tax, but Smith argued the money was needed to "provide a stable source of funding to protect New Jersey's clean water supply from terrorists and reduce the impact of droughts."

Help Tax Environmental Protection Commissioner Bradley Campbell called it "an enormously important bill."

Jefferson approved the purchase, the Senate ratified it, and the United States abruptly doubled in size.

Ernst Ernst Guide Guide Tax Smith said this year's drought demonstrated that the state's system for moving water from places where it is relatively abundant to those in short supply "had fallen into disrepair."

Tax Return His bill, which he called "long overdue," would establish a "clean water, drought mitigation and water resource security trust fund." Smith said it would raise about $10 million from households and another $1.6 million from industrial users each year. Farmers would be exempt.

Return Tax Money in the fund would be dedicated to water supply and safety projects, including building interconnections to move water during droughts, purchasing watersheds and wetlands, conducting scientific studies and training to prevent intentional contamination of water supplies by terrorists.

Guide Guide Master Master Tax Part of the fund also would go for property tax relief in about two dozen towns that lost tax revenues because they host watersheds that are protected from development. Jeff Tittel, director of the New Jersey chapter of the Sierra Club, said about $3.4 million would go for property tax relief, leaving about $8 million for other projects. He endorsed the bill.

Tax Preparation To ensure the trust fund is used only for its intended purposes and not to balance the state budget, Sens. Henry McNamara (R-Bergen) and Andrew Ciesla (R-Ocean) inserted a provision that makes the user fee automatically expire if the fund is tapped for unauthorized uses.

Preparation Tax Reaction to the bill by industry was mixed. The New Jersey Builders Association and Public Service Enterprise Group supported the bill, but the Commerce and Industry Association of New Jersey opposed it as "a new tax."

Employer Tax Guide The association's president, Richard Goldberg, said New Jersey businesses are still smarting from a $1.8 billion increase in the corporation business tax.

Tax Services "The cost of doing business in New Jersey is one of the highest in the nation," Goldberg said. "This new tax would only add to that cost."

Services Tax Peter Marcalus, senior vice president of Marcal Paper Mills in Elmwood Park, said it would cost his company about $50,000 a year. "Most likely it will mean a reduction in our labor force," he said.

Master Tax Guide Robert Gallo, president of New Jersey-American Water Co., said one problem with the user fee is that it would not be paid by some 300,000 households that rely on water from wells, even though they most need the protection it offers against running dry during a drought.

Tax Attorney "Those homeowners may get the most benefit from the bill, but they're not being asked to contribute even a penny," Gallo said.

Attorney Tax The bill, which passed unanimously, goes to the Senate Budget and Appropriations Committee for further consideration.

Guide Law Tax By Robert Schwaneberg
Star-Ledger - 11/19/2002

Topic: Water

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