NJ SB 360

Author

Ronald Rice
1044 S. Orange Ave.
Newark, NJ 07106
609-292-5215

Author Detail Link
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Bill Text

Category

Containers

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State

NJ

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Summary

Authorizes certain municipalities to impose a tax on the storage of empty shipping containers to fund redevelopment plan activities.

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Issue

This bill would supplement the “Local Tax Authorization Act,7 P.L.1970, c.326 (C.40:48C-1 et seq.) to authorize certain municipalities to impose a tax on empty ISO shipping containers stored within their borders. The bill would authorize a municipality having a population greater than 150,000 persons, according to the latest federal decennial census, by ordinance, to impose a tax on empty ISO shipping containers stored in the municipality. The bill would require that all local ISO container taxes collected by a municipality must be deposited into a trust account established by the municipality and dedicated exclusively to the purpose of funding activities set forth in one or more redevelopment plans adopted by the municipality pursuant to section 7 of P.L.1992, c.79 (C.40A:12A-7). The bill sets the following rates to be imposed by a municipality that enacts an ordinance imposing the tax, which are to be applied to each twenty-foot equivalent unit (TEU) as is kept in storage: Storage period Maximum tax per TEU per day of storage From day 1 through day 30 $0.00 26 From day 31 through day 60 $0.25 27 From day 61 through day 90 $0.50 28 In excess of 90 days $0.75 29 The bill defines “ISO shipping containers as any standardized shipping container constructed in accordance with the standard sizes promulgated by the International Standards Organization for use in intermodal transportation of goods by ship, rail or truck, which shall include but shall not be limited to containers that are 20 feet in length and 8 feet in width, 40 feet in length and 8 feet in 35 width, 45 feet in length and 8 feet in width, 48 feet in length and 8 36 feet in width, and 53 feet in length and 8 feet in width. The bill 37 defines "Twenty-foot equivalent unit" as a measure of the capacity of ISO shipping containers used to approximate the comparable size of the various types of ISO containers. The bill defines the calculation of the TEU measure for any ISO container as the result of dividing the base area measured in feet of any ISO container, determined by multiplying its external length by its external width, by the number 160.

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Notes

No further action at this time.

History

01/09/2018 Introduced in the Senate. Referred to Senate Committee on Community and Urban Affairs.