Bill > A1300

Introduced Session

This bill provides a corporation business tax credit to taxpayers who construct a green warehouse or retrofit a warehouse to qualify as a green warehouse pursuant to the requirements of the bill. The tax credit would be administered by the Department of Community Affairs and the Division of Taxation in the Department of the Treasury. The bill defines a "green warehouse" as a warehouse that is a high performance green building. The bill defines "high performance green building" as a solar-ready building that is designed and constructed in a manner that achieves at least: a silver rating according to the Leadership in Energy and Environmental Design Green Building Rating System as adopted by the United States Green Building Council; a two globe rating according to the Green Globes Program as adopted by the Green Building Initiative; or a comparable numeric rating according to a nationally recognized, accepted, and appropriate numeric sustainable development rating system, guideline, or standard as the Commissioner of Community Affairs, in consultation with the Commissioner of Environmental Protection and the Board of Public Utilities, may designate by regulation.

AI Summary

Committee Categories

Alex Sauickie (R)*, 

Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee (on 01/09/2024)

Official Document