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Bill > S219


NJ S219

Provides that fusion energy and fusion technology companies are eligible to receive benefits under certain economic incentive programs.


summary

Introduced
01/11/2022
In Committee
02/06/2023
Crossed Over
06/29/2022
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Provides that fusion energy and fusion technology companies are eligible to receive benefits under certain economic incentive programs.

AI Summary

This bill provides that fusion energy and fusion technology companies are eligible to receive benefits under certain economic incentive programs administered by the New Jersey Economic Development Authority. The bill defines key terms such as "fusion energy," "fusion technology," and "fusion energy or fusion technology company," and requires the Authority to adopt rules and regulations to ensure that these companies are eligible for benefits and incentives under the various economic incentive programs. The bill also clarifies that fusion energy and fusion technology are not eligible for incentives under the New Jersey Clean Energy Program or other programs funded through the societal benefits charge.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Received in the Assembly, Referred to Assembly Science, Innovation and Technology Committee (on 02/06/2023)

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