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NJ S366

NJ S366
Provides that fusion energy and fusion technology companies are eligible to receive benefits under certain economic incentive programs.


summary

Introduced
01/09/2024
In Committee
05/16/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 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 "fusion energy" and "fusion technology" and requires the authority to adopt rules and regulations to include these in the eligibility requirements for its economic incentive programs. The bill also amends existing laws to explicitly include fusion energy and fusion technology within the definitions of "technology company" and "renewable energy technology" for the purposes of related economic development programs.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Reported from Senate Committee with Amendments, 2nd Reading (on 05/16/2024)

bill text


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bill summary

Document Type Source Location Created
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/S366 01/09/2024
BillText https://pub.njleg.gov/Bills/2024/S0500/366_R1.HTM 05/17/2024
Analysis - Statement SEG 5/16/24 https://pub.njleg.gov/Bills/2024/S0500/366_S1.PDF 05/17/2024
BillText https://pub.njleg.gov/Bills/2024/S0500/366_I1.HTM 01/09/2024
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