Requires installation of emergency power supply systems to certain common areas of new planned real estate developments; provides related tax incentives.

This bill requires developers of new planned real estate developments in New Jersey to install emergency power systems in common areas like clubhouses and community rooms. These systems must provide backup power during extended outages, meeting NFPA-110 standards, to allow these facilities to serve as shelters for residents. Developers can deduct up to $10,000 of the equipment cost as an expense (not capital cost) for tax purposes and receive a sales tax exemption on the equipment purchases. The requirement applies only to new developments, not existing ones, and aims to improve emergency preparedness following events like Hurricane Sandy.