# New Jersey A3365: Allows taxpayers to utilize alternative method of depreciation of certain expenditures in connection with construction of new affordable housing developments.

New Jersey A3365, Allows taxpayers to utilize alternative method of depreciation of certain expenditures in connection with construction of new affordable housing developments., is a 220th Legislature (2024-2025) House bill sponsored by Clinton Calabrese (Democratic), Yvonne Lopez (Democratic), Shanique Speight (Democratic); status failed, last action 2024-03-18 (Substituted by S1422 (2R)) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-A3365-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey A3365
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Allows taxpayers to utilize alternative method of depreciation of certain expenditures in connection with construction of new affordable housing developments.
- Status: failed
- Chamber: House
- Introduced: 2024-01-09
- Last action: 2024-03-18, Substituted by S1422 (2R)
- Sponsors: Clinton Calabrese (Democratic), Yvonne Lopez (Democratic), Shanique Speight (Democratic)
- Cosponsors: 0
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Clinton Calabrese (Democratic), House
- Sponsor: Yvonne Lopez (Democratic), House
- Sponsor: Shanique Speight (Democratic), House

## Actions (4)

- 2024-03-18: Substituted by S1422 (2R) (House)
- 2024-02-08: REP/ACA, 2nd Reading in Assembly (House)
- 2024-01-29: Reported, Referred to Assembly Appropriations Committee (House)
- 2024-01-09: Introduced, 1st Reading in Assembly, Referred to Assembly Housing Committee (House)

## Bill text

- Assembly Appropriations (2/8/24 1R), 2024-03-19: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_R1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_R1.PDF)
- 2/21/24; 1R, 2024-02-21: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_E2.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_E2.PDF)
- 2/12/24; as introduced, 2024-02-12: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_E1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_E1.PDF)
- Assembly Appropriations Substitute (2/8/24), 2024-02-09: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_S2.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_S2.PDF)
- Assembly Housing Substitute (1/29/24), 2024-01-30: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_S1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_S1.PDF)
- As Introduced, 2024-01-12: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_I1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [Assembly Appropriations (2/8/24 1R) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_R1.HTM)
- [Assembly Appropriations (2/8/24 1R) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_R1.PDF)
- [2/21/24; 1R (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_E2.HTM)
- [2/21/24; 1R (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_E2.PDF)
- [2/12/24; as introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_E1.HTM)
- [2/12/24; as introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_E1.PDF)
- [Assembly Appropriations Substitute (2/8/24) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_S2.HTM)
- [Assembly Appropriations Substitute (2/8/24) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_S2.PDF)
- [Assembly Housing Substitute (1/29/24) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_S1.HTM)
- [Assembly Housing Substitute (1/29/24) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_S1.PDF)
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A3500/3365_I1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
- [New Jersey bills](https://policyrisk.com/states/new-jersey/bills)
- [New Jersey state hub](https://policyrisk.com/states/new-jersey)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/NJ-A3365-2024-2025 (as of 2026-10-17).