This bill mandates that individuals engaging in scrap tire collection must obtain a license from the Department of Environmental Protection (DEP). It defines "scrap tire collection" as the transportation of scrap tires from their source to licensed facilities and requires the DEP to establish a licensing system, including application processes and eligibility criteria. Additionally, the bill outlines that licensed scrap tire haulers must maintain financial assurance of at least $150,000 and are prohibited from storing tires at locations that do not meet safety and regulatory standards. The DEP is also tasked with creating a comprehensive scrap tire management system for tracking and recycling.

Furthermore, the bill establishes a permit requirement for scrap tire storage, collection, or disposal sites, which must maintain financial assurance for closure to ensure proper cleanup in case of abandonment or noncompliance. Certain exemptions are provided for entities storing fewer than 1,000 tires in secure containers. The bill introduces civil administrative penalties for violations, with fines escalating for repeated offenses, and allows for additional penalties for non-compliance with administrative or court orders. Overall, the legislation aims to enhance the regulation and management of scrap tires in New Jersey to protect public health and the environment.