Establishes tax credits and financial grants for construction and operation of advanced nuclear energy facilities in New Jersey.

The bill establishes the New Jersey Advanced Nuclear Energy Development Program within the New Jersey Economic Development Authority to encourage the construction of advanced nuclear energy facilities. It provides incentive tax credits to developers for constructing and producing energy at these facilities. The program is administered by the authority in consultation with the Board of Public Utilities. To qualify, developers must demonstrate economic feasibility, a project financing gap, and compliance with environmental and labor standards.

Establishes tax credits and financial grants for construction and operation of advanced nuclear energy facilities in New Jersey.

The bill establishes the New Jersey Advanced Nuclear Energy Development Program within the New Jersey Economic Development Authority to encourage the construction of advanced nuclear energy facilities. It provides incentive tax credits to developers for constructing and producing energy at these facilities. The program is administered by the authority in consultation with the Board of Public Utilities. To qualify, developers must demonstrate economic feasibility, a project financing gap, and compliance with environmental and labor standards.