# New Jersey S88: Provides tax credit under corporation business tax and gross income tax for certain costs incurred in purchase and installation of certain environmentally responsible business equipment.

New Jersey S88, Provides tax credit under corporation business tax and gross income tax for certain costs incurred in purchase and installation of certain environmentally responsible business equipment., is a 220th Legislature (2024-2025) Senate bill sponsored by Nilsa I. Cruz-Perez (Democratic); status failed, last action 2024-01-09 (Introduced, 1st Reading in Senate, Referred to Senate Environment and Energy Committee) (as of 2026-10-16).

- Canonical: https://policyrisk.com/state-bill/NJ-S88-2024-2025
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey S88
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Provides tax credit under corporation business tax and gross income tax for certain costs incurred in purchase and installation of certain environmentally responsible business equipment.
- Status: failed
- Chamber: Senate
- Introduced: 2024-01-09
- Last action: 2024-01-09, Introduced, 1st Reading in Senate, Referred to Senate Environment and Energy Committee
- Sponsor: Nilsa I. Cruz-Perez (Democratic)
- Cosponsors: 0
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Nilsa I. Cruz-Perez (Democratic), Senate

## Actions (1)

- 2024-01-09: Introduced, 1st Reading in Senate, Referred to Senate Environment and Energy Committee (Senate)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- PRIA reads this page from its own corpus; the primary document is linked from the HTML page when it has one.

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-S88-2024-2025 (as of 2026-10-16).