Provides a corporation business tax credit for investment in certain manufacturing equipment, facility renovation, modernization, and expansion.

This bill provides a 20% tax credit against New Jersey corporation business tax for qualifying investments in manufacturing equipment or facility renovations/modernization/expansion. It directly affects corporations operating manufacturing facilities in New Jersey that install equipment or make facility improvements meeting specific criteria. The credit applies to equipment used in producing tangible goods eligible for sales tax exemption and facilities where over 50% of housed equipment is manufacturing-related. The credit is limited to 50% of tax liability and cannot be claimed alongside other specified tax credits for the same expenditures.