Modifies definition of Class I renewable energy to include nuclear fission; provides CBT tax credit for production of clean baseload power.

The bill modifies New Jersey's definition of Class I renewable energy to include nuclear fission, which was previously excluded from renewable energy classifications. It establishes a Corporation Business Tax (CBT) credit of $1,000 per gigawatt hour for facilities producing "clean baseload energy" (defined as reliable, continuous power generation without greenhouse gas emissions). Nuclear power plant operators would be directly affected, as they could claim this credit for electricity generated from nuclear fission. To qualify, taxpayers must apply for certification from the Board of Public Utilities, and the credit would be limited to 50% of tax liability for the relevant tax period.