New Jersey A3906 establishes a State purchasing preference for pervious pavement material and provides a tax credit for its use in municipal, county.
New Jersey A3906 establishes a State purchasing preference for pervious pavement material, which allows rainwater to penetrate the pavement and percolate into the supporting soils. This includes pervious concrete, pervious asphalt, and permeable interlocking pavers. The bill provides a corporation business tax credit to taxpayers who purchase pervious pavement material for municipal, county, or State construction or improvement projects. The tax credit amount cannot exceed the full cost incurred for utilizing pervious pavement material or $3,000.
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- Legal Framework
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