Provides credit under corporation business tax and gross income tax for construction of buildings in accordance with certain energy and environmental performance standards.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a tax credit for businesses and individuals in New Jersey who construct buildings that meet high energy and environmental performance standards, as certified by the LEED Green Building Rating System. Specifically, it offers credits for buildings designated as silver, gold, or platinum level, based on their energy efficiency and sustainable design. The bill outlines eligibility requirements, application processes, and limitations on the credit amount, aiming to incentivize the construction of more environmentally friendly buildings.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
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