A 5120 New Jersey General Assembly · 2024-2025 Regular Session

Appropriates $18,518,738 from constitutionally dedicated CBT revenues to NJ Historic Trust for grants for certain historic preservation projects and associated administrative expenses.

This bill appropriates $18.5 million from constitutionally dedicated corporation business tax (CBT) revenues to fund historic preservation projects in New Jersey. It allocates $15 million for restoration and preservation work on 43 specific historic sites (like the Atlantic City Fire Station and USS New Jersey), $1.47 million for site management projects (including heritage tourism planning), and $100,000 for historic preservation easements. All projects must be listed or eligible for state/national historic registers and require recipient matching funds. Additionally, $1.92 million covers administrative costs for the New Jersey Historic Trust under the Preserve New Jersey Act.
Sub-Topics: Business Taxes
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 9, 2024 Last action Dec 19, 2024
Floor votes

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Full legislative history

Actions timeline

Total actions
4
Key actions
1
Committee
2
Dec 16, 2024
Lower · Passed
Reported out of Assembly Committee, 2nd Reading
lower
Dec 12, 2024
Committee
Reported and Referred to Assembly Appropriations Committee
lower
Dec 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Environment, Natural Resources, and Solid Waste Committee
lower
3 primary · 5 co-sponsors

Sponsors