Revises Energy Tax Receipts Property Tax Relief Aid program; requires all energy taxes to be paid directly to municipalities.

This bill revises New Jersey's Energy Tax Receipts Property Tax Relief Aid program by changing how energy tax payments are handled. Instead of energy taxpayers (like gas, electric, and telecom utilities) paying taxes to the state treasury, the bill requires them to pay directly to municipalities. The State Treasurer will determine each municipality's annual share (capped at $740 million) based on historical distributions and direct the taxpayers to pay those amounts. This affects all municipalities receiving property tax relief and energy utility taxpayers statewide, shifting payment responsibility from the state to local governments. The change applies starting in fiscal year 2022 for future payments, though the bill is currently pending in committee.