A5651 supports New Jersey’s offshore wind projects by allowing owners and investors of these wind projects to keep certain federal tax benefits. It acknowledges challenges like the COVID-19 pandemic and global economic instability.
The New Jersey State Senate passed A5651 on June 30, 2023 by a vote of 21 to 14. We have assigned pluses to the nays because this legislation creates more government interference in the free market economy. Additionally, tax credits are a misuse of tax dollars and represent unnecessary interference in the free market, advancing a Marxist climate change agenda.