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NJ S1298
Bill
Status
Introduced
1/9/2024
Primary Sponsor
Nellie Pou
Click for details
AI Summary
- Fusion energy and fusion technology companies would become eligible for New Jersey Economic Development Authority incentive programs related to renewable energy, emerging technologies, and targeted industry expansion
- The EDA must adopt rules in consultation with the Commission on Science, Innovation and Technology and Board of Public Utilities establishing eligibility requirements and qualification methodologies for fusion companies
- Fusion energy and fusion technology are explicitly excluded from the New Jersey Clean Energy Program and other incentives funded through the Universal Service Fund societal benefits charge
- Amendments expand the definition of "technology company" under the corporation business tax benefit certificate transfer program to include fusion energy and technology products and services
- Fusion energy is added to the definition of "renewable energy technology" under the Angel Investor Tax Credit Act, making investments in fusion companies eligible for angel investor tax credits
Legislative Description
Clarifies that any State entity that issues professional or occupational licenses will not require individuals to demonstrate lawful presence in New Jersey to obtain professional or occupational licensure.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/9/2024
Committee Referrals
Commerce1/9/2024
Full Bill Text
No bill text available