New Jersey enacts legislation that offers a financial performance bonus for concrete producers who provide low embodied-carbon products for state projeNew Jersey’s new financial performance bonus for concrete producers that provide low embodied-carbon products for state projects is believed to be the first tax-incentive-based legislation of its kind in the nation. A bill signed into law by Gov. Phil Murphy (D) on Jan. 30 provides an income tax credit of up to 8% of the concrete cost for the development and provision of a product whose carbon footprint is below a soon-to-be set benchmark.
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