Modifies corporation business tax benefit certificate transfer program to include clean energy product manufacturers and increase tax benefit limits.

This bill modifies the corporation business tax benefit certificate transfer program in New Jersey. It includes clean energy product manufacturers among the companies eligible to sell unused tax benefits. The bill also raises the maximum lifetime value of tax benefits that a company can sell from $20 million to $40 million. The New Jersey Economic Development Authority, in cooperation with the Division of Taxation, will review and approve applications from eligible companies.

Modifies corporation business tax benefit certificate transfer program to include clean energy product manufacturers and increase tax benefit limits.

This bill modifies the corporation business tax benefit certificate transfer program in New Jersey. It includes clean energy product manufacturers among the companies eligible to sell unused tax benefits. The bill also raises the maximum lifetime value of tax benefits that a company can sell from $20 million to $40 million. The New Jersey Economic Development Authority, in cooperation with the Division of Taxation, will review and approve applications from eligible companies.