Provides corporation business tax credits and gross income tax credits for purchase of certain compressed natural gas vehicles.

New Jersey's S 108 provides tax credits to encourage the purchase of compressed natural gas (CNG) vehicles and trucks. Businesses can claim credits of up to $3,500 for standard CNG vehicles or $25,000 for Class 8 trucks (in 2023), while individuals can claim up to $3,500 annually for personal CNG vehicles. To qualify, purchasers must obtain certification from the Environmental Protection Commissioner verifying the vehicle type and purchase details. The credits phase down over time (2023-2025) and are limited to 50% of tax liability, with unused credits potentially carried forward.