New Jersey S1137 provides a tax credit for developing anaerobic digestion facilities that process food waste.

New Jersey S1137 offers a tax credit for the development of anaerobic digestion facilities that process food waste. The credit compensates for up to 50% of the costs incurred or $250,000, whichever is less. To qualify, taxpayers must apply to the Commissioner of Environmental Protection for certification that the facility will process food waste. The bill defines food waste as certain food processing residues and excludes food donated for human consumption. The tax credit is limited to six years and a cumulative total of $15 million.

New Jersey S1137 provides a tax credit for developing anaerobic digestion facilities that process food waste.

New Jersey S1137 offers a tax credit for the development of anaerobic digestion facilities that process food waste. The credit compensates for up to 50% of the costs incurred or $250,000, whichever is less. To qualify, taxpayers must apply to the Commissioner of Environmental Protection for certification that the facility will process food waste. The bill defines food waste as certain food processing residues and excludes food donated for human consumption. The tax credit is limited to six years and a cumulative total of $15 million.