NJ A3577

Creates a corporation business tax credit for taxpayers who develop and construct anaerobic digestion facilities that process food waste in New Jersey, available for six privilege periods beginning January 1 after the bill's enactment

Tax credit equals the lesser of 50% of development and construction costs or $250,000 per facility, with a cumulative program cap of $15 million in total credits awarded

Requires taxpayers to apply to the Commissioner of Environmental Protection for certification, providing receipts for construction costs and certifying the facility will process food waste

Unused tax credits may be carried forward for up to seven privilege periods following the year the credit was allowed

Mandates the Department of Environmental Protection to submit a report within six years evaluating the effectiveness of the tax credit in incentivizing anaerobic digestion facility development in the state