NJ S287

Bill

Provides CBT and gross income tax credits for certain deliveries of low carbon concrete and for costs of conducting environmental product declaration analyses of low carbon concrete.

Introduced
01/11/2022

In Committee
12/12/2022

Crossed Over
06/29/2022

Passed
12/15/2022

Dead

Signed/Enacted/Adopted
01/30/2023

Introduced Session

2022-2023 Regular Session

Bill Summary

Provides CBT and gross income tax credits for certain deliveries of low carbon concrete and for costs of conducting environmental product declaration analyses of low carbon concrete.

AI Summary

This bill provides CBT (Corporation Business Tax) and gross income tax credits for certain deliveries of low carbon concrete and for costs of conducting environmental product declaration analyses of low carbon concrete. The bill defines key terms like "low embodied carbon concrete" and "carbon capture, utilization, and storage technology," and outlines the process for concrete producers to qualify for and receive the tax credits. The bill also requires the Department of Environmental Protection to establish baselines, thresholds, and formulas for the tax credits, and mandates a cost-benefit analysis of the program after three years.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (12)

Linda Greenstein (D)*, John McKeon (D)*, Troy Singleton (D)*, Richard Codey (D), Herbert Conaway (D), Sandra Cunningham (D), Patrick Diegnan (D), Vin Gopal (D), Mila Jasey (D), Nellie Pou (D), Brian Stack (D), Andrew Zwicker (D),

Last Action

Approved P.L.2023, c.4. (on 01/30/2023)

Official Document

https://www.njleg.state.nj.us/bill-search/2022/S287

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2022/S287
BillText	https://pub.njleg.gov/Bills/2022/PL23/4_.HTM
BillText	https://pub.njleg.gov/Bills/2022/AL23/4_.HTM
Analysis - Statement AAP 12/12/22 1R SCS	https://pub.njleg.gov/Bills/2022/S0500/287_S4.PDF
Analysis - Statement AEN 11/21/22 1R SCS	https://pub.njleg.gov/Bills/2022/S0500/287_S3.PDF
Fiscal Note - Fiscal Estimate 7/5/22; 1R SCS	https://pub.njleg.gov/Bills/2022/S0500/287_E1.PDF
BillText	https://pub.njleg.gov/Bills/2022/S0500/287_R1.HTM
Bill	https://pub.njleg.gov/Bills/2022/S0500/287_R1.PDF
Analysis - Statement SBA 6/27/22 SCS	https://pub.njleg.gov/Bills/2022/S0500/287_S2.PDF
BillText	https://pub.njleg.gov/Bills/2022/S0500/287_I1.HTM
BillText	https://pub.njleg.gov/Bills/2022/S0500/287_U1.HTM
Bill	https://pub.njleg.gov/Bills/2022/S0500/287_I1.PDF
Bill	https://pub.njleg.gov/Bills/2022/S0500/287_U1.PDF
Analysis - Statement SEN 6/13/22 SCS	https://pub.njleg.gov/Bills/2022/S0500/287_S1.PDF
BillText	https://www.njleg.state.nj.us/Bills/2022/S0500/287_U1.HTM
Bill	https://www.njleg.state.nj.us/Bills/2022/S0500/287_U1.PDF
Statement SEN 6/13/22 SCS	https://www.njleg.state.nj.us/Bills/2022/S0500/287_S1.PDF
BillText	https://www.njleg.state.nj.us/Bills/2022/S0500/287_I1.HTM
Bill	https://www.njleg.state.nj.us/Bills/2022/S0500/287_I1.PDF

Bill	Bill Name	Last Action	Type
A2234	Provides CBT and gross income tax credits for certain deliveries of low carbon concrete and for costs of conducting environmental product declaration analyses of low carbon concrete.	Substituted by S287 (SCS/1R)	Same As
A5223	Provides CBT tax credit for certain deliveries of low carbon concrete and for costs of conducting environmental product declaration analyses of low carbon concrete.	Reported out of Assembly Comm. with Amendments, 2nd Reading	Carry Over
S3732	Provides CBT tax credit for certain deliveries of low carbon concrete and for costs of conducting environmental product declaration analyses of low carbon concrete.	Reported out of Assembly Committee, 2nd Reading	Carry Over

Bill > S287

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (12)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary