A 3713
Provides CBT credit for development of anaerobic digestion facilities that process food waste.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill provides a tax credit to businesses that develop and construct anaerobic digestion facilities within New Jersey, specifically those that process food waste. The credit, up to 50% of construction costs or $250,000, is intended to encourage the creation of these facilities. The bill establishes requirements for applying for and receiving the credit, including demonstrating food waste processing and providing cost documentation. It also includes provisions for prioritizing credit applications and reporting on the program’s effectiveness.
Sponsors
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Primary sponsors
Alixon Collazos-Gill
Michael Inganamort
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