‘Rain Tax’ Likely To Become Reality In New Jersey

Now, residents and businesses could be taxed extra … when it rains.

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, CBS2’s Meg Baker reported.

That’s businesses and homeowners.

The bill passed in the Senate and the Assembly and is now headed to Gov. Phil Murphy’s desk.

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