New Jersey S1360 allows a tax deduction for costs of purchasing and installing a whole house backup electrical generator for a resident taxpayer’s.

New Jersey S1360 provides a gross income tax deduction for the costs of purchasing and installing a whole house backup electrical generator for a resident taxpayer’s principal residence. This generator, powered by natural gas or liquid gas propane, must be permanently connected to the electrical system of a one or two-family residential structure and only operates during power outages to provide backup electrical power. To qualify for the deduction, the generator must be installed, inspected, located, and permitted according to applicable state and local laws.

New Jersey S1360 allows a tax deduction for costs of purchasing and installing a whole house backup electrical generator for a resident taxpayer’s.

New Jersey S1360 provides a gross income tax deduction for the costs of purchasing and installing a whole house backup electrical generator for a resident taxpayer’s principal residence. This generator, powered by natural gas or liquid gas propane, must be permanently connected to the electrical system of a one or two-family residential structure and only operates during power outages to provide backup electrical power. To qualify for the deduction, the generator must be installed, inspected, located, and permitted according to applicable state and local laws.