Provides CBT credit for development of anaerobic digestion facilities that process food waste.

This bill creates a tax credit for businesses developing anaerobic digestion facilities that process food waste in New Jersey. It allows eligible taxpayers to claim a credit equal to up to 50% of facility development costs or $250,000 per facility, whichever is lower, against their corporation business tax. The credit is available for six years, with a total cap of $15 million in combined credits statewide. The policy directly affects businesses constructing these facilities, aiming to incentivize investment in infrastructure that converts food waste into biogas while excluding donated food and consumer waste from eligibility.