Provides credit under corporation business tax and gross income tax for construction of buildings in accordance with certain energy and environmental performance standards.

This bill creates tax credits for businesses constructing buildings in New Jersey that meet high environmental performance standards certified under the LEED Green Building Rating System. The credits apply to eligible residential multi-family buildings (with at least 4 stories and 10,000 square feet of interior space, or 20,000 square feet aggregate for phased projects) and commercial or industrial buildings that achieve silver, gold, or platinum level certification. The credit amount is based on building size and certification level, with a total cap of $10 million across both corporation business tax and gross income tax systems. To claim the credit, businesses must obtain certification from the Environmental Protection Commissioner verifying the building meets the required standards.