A 4858

This bill establishes financial incentives to promote the development of advanced nuclear energy facilities in New Jersey through two main mechanisms. First, it creates a corporate tax credit of 15% (increasing to 25% for businesses relocating to New Jersey, minority/women/veteran-owned businesses) for manufacturers of advanced nuclear reactor equipment and components who invest in manufacturing equipment or facility improvements within the state, with unused credits carrying forward for seven years. Second, it establishes the New Jersey Advanced Nuclear Energy Development Program under the Economic Development Authority to encourage construction of advanced nuclear facilities, though the bill excerpt cuts off before detailing this program's specific provisions. The legislation aims to attract nuclear technology manufacturers to New Jersey and support the state's development as a hub for advanced nuclear energy production.