S.3623

Establishes Fusion Energy and Technology Incentive Program in EDA to encourage use of power plants for fusion energy and technology purposes; authorizes funds in Global Warming Solutions Fund to support fusion energy and technology facilities.

Introduced·2/19/26
Introduced Text

New Jersey S3623 establishes a Fusion Energy and Technology Incentive Program to encourage fusion energy and technology development.

New Jersey S3623 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 tax credits for eligible property owners leasing space on power plant sites to fusion energy or fusion technology companies, and for companies operating or seeking to operate fusion energy or fusion technology facilities on these sites.

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Where it stands

Current
Economic Growth Committee
Next
Committee decision

Sponsors

D
1
0
Democratic CaucusRepublican Caucus

History

Feb 19

Senate

Introduced in the Senate, Referred to Senate Economic Growth Committee