A 4366
Modifies definition of Class I renewable energy to include nuclear fission; provides CBT tax credit for production of clean baseload power.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the definition of ‘Class I renewable energy’ to include nuclear fission and provides a new tax credit for the production of clean baseload power. The bill aims to expand the scope of renewable energy sources recognized in New Jersey and incentivize the development of reliable, low-carbon electricity generation. It seeks to support both existing renewable technologies and potentially nuclear power as a component of the state’s energy portfolio.
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Primary sponsor
Alex Sauickie
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