Allows gross income tax deduction for costs of installing backup electrical generators or battery systems in New Jersey homes.
New Jersey A2930 allows a gross income tax deduction for the costs of purchasing and installing a whole house backup electrical generator or home backup battery system for a resident taxpayer's principal residence. These systems provide backup electrical power during power outages, helping to protect medical devices and prevent indoor flooding. The deduction aims to encourage homeowners to reduce reliance on vulnerable electricity supply grids.
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