Bill
Bill > A2234
NJ A2234
NJ A2234Provides 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.
summary
Introduced
02/07/2022
02/07/2022
In Committee
12/12/2022
12/12/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
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 directs the Department of Environmental Protection, in consultation with the Director of the Division of Taxation, to establish global warming potential baselines, thresholds, and formulas for tax credits related to low embodied carbon concrete and concrete that incorporates carbon capture, utilization, and storage technology. The bill allows tax credits for producers of qualifying concrete and for the costs of conducting environmental product declaration analyses. The total value of tax credits is capped at $10 million per year.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (10)
Clinton Calabrese (D)*,
John McKeon (D)*,
Britnee Timberlake (D)*,
Herbert Conaway (D),
Joe Danielsen (D),
Kimberly Eulner (R),
Mila Jasey (D),
Angela Mcknight (D),
Raj Mukherji (D),
Marilyn Piperno (R),
Last Action
Substituted by S287 (SCS/1R) (on 12/15/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A2234 |
| Fiscal Note - Fiscal Estimate 12/14/22; ACS | https://pub.njleg.gov/Bills/2022/A2500/2234_E1.PDF |
| Analysis - Statement AAP 12/12/22 ACS | https://pub.njleg.gov/Bills/2022/A2500/2234_S2.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A2500/2234_U1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A2500/2234_U1.PDF |
| Analysis - Statement AEN 11/21/22 ACS | https://pub.njleg.gov/Bills/2022/A2500/2234_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A2500/2234_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A2500/2234_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A2500/2234_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A2500/2234_I1.PDF |
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