NJ A4063

Creates a Corporation Business Tax (CBT) credit equal to 25% of allowable costs for constructing new green warehouses or retrofitting existing warehouses to meet green building standards in New Jersey.

Requires green warehouses to be solar-ready and achieve at least LEED Silver certification, a two-globe Green Globes rating, or comparable nationally recognized sustainable building standard.

Taxpayers must obtain an eligibility certificate from the Department of Community Affairs, including certification from a licensed architect or professional engineer that the warehouse meets green building requirements.

Credits cannot exceed 50% of tax liability for a privilege period and cannot reduce liability below the statutory minimum; unused credits may be carried forward for up to seven years.

Takes effect 180 days after enactment and applies only to warehouses receiving construction or retrofitting permits after the effective date.