Establishes State purchasing preference for pervious pavement material; provides CBT tax credit to certain taxpayers that purchase pervious pavement material for municipal, county, or State construction or improvement projects.

This bill requires New Jersey state agencies to apply a price discount (up to 5%) to bids for asphalt or concrete that use pervious pavement - material that allows rainwater to soak through - when building or improving municipal, county, or state projects. The discount rate is based on a ranking system created by the Environmental Department, which evaluates materials by their ability to reduce stormwater runoff and filter contaminants. It also provides businesses a tax credit of up to $3,000 per project for purchasing pervious pavement instead of traditional materials, covering the extra cost for up to eight projects annually. The bill applies to state contracts and construction projects, with a report due within two years to assess the program’s budgetary and environmental impact.