It’s crunch time for the activists and Democratic lawmakers pushing New Jersey’s climate superfund bill – flawed legislation that would target the American energy industry with a multi-billion dollar retroactive tax for historical emissions.
As the deadline looms for legislation to pass out of committees, the New Jersey State Legislature’s Office of Legislative Services published its fiscal estimate on the Assembly’s version of the bill, A 3735, and explicitly stated it cannot quantify the revenue and expenditure increases that may result from the bill’s enactment. It also warned of the potential for “non-trivial legal costs” if the state has to defend the legislation in court.
Read more on EID Climate.
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