A 5910

This bill expands New Jersey's definition of Class I renewable energy to include nuclear fission, effectively reclassifying nuclear power as a renewable energy source alongside traditional renewables like solar and wind. The legislation also establishes a corporate business tax (CBT) credit for companies that produce clean baseload power, which includes nuclear facilities and other power generation facilities operating at greater than 50% capacity. By granting nuclear power the same renewable energy status and tax incentives as other clean energy sources, the bill aims to support the continued operation and potential expansion of nuclear power generation in New Jersey as part of the state's clean energy portfolio.