A3971

Establishes Fusion Energy and Technology Incentive Program in EDA to encourage use of power plants for fusion energy and technology purposes.

The bill establishes the Fusion Energy and Technology Incentive Program within the New Jersey Economic Development Authority (EDA) to encourage the use and development of power plants by fusion energy or fusion technology companies. The program includes the issuance of tax credits to eligible property owners that lease space on the site of a power plant for use by fusion energy or fusion technology companies and to fusion energy or fusion technology companies that operate, or seek to operate, one or more fusion energy or fusion technology facilities at the site of a power plant.