New Jersey -one of the highest taxed states in the USA- is poised to implement a so-called ‘Rain Tax,’ a new measure that would allow the government to tax businesses and homeowners for damages to the region’s “storm water utilities.”
“Save it for a rainy day. Some of your hard-earned dollars may be taken away as the weather turns ugly and rain drops fall on the Garden State. A new bill calls for the creation of local or regional storm water utilities, giving local counties and municipalities the power to collect a tax from properties with large paved surfaces such as parking lots,” writes CBS New York.
“That’s businesses and homeowners,” adds the report. “The bill passed in the Senate and the Assembly and is now headed to Gov. Phil Murphy’s desk.”
The state’s move to tax water echoes similar proposals from California; who plan to tax residents “drinking water” should they consume more than regulated by law.
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