Concerns expenses to municipalities for tree purchase, planting, and removal.

This bill amends New Jersey law to establish a 15-year useful life period for municipal expenses related to tree purchase, planting, and removal. It adds this specific provision to the existing list of capital assets (like buildings, roads, and equipment) that municipalities must account for over defined depreciation periods. As a result, New Jersey municipalities will now include tree-related costs in their 15-year capital budgeting schedule, aligning them with other infrastructure investments for financial reporting purposes. The bill does not change tree care practices or create new environmental requirements.