Requires certain businesses to submit excess food reduction plan to DEP; provides CBT credit to eligible businesses that reduce excess food by 25 percent.

This bill requires businesses with at least 50 employees in New Jersey that cater or order food to submit an excess food reduction plan to the Department of Environmental Protection for approval. The plan must outline specific strategies to reduce food waste, such as limiting food orders, improving distribution methods, minimizing landfill disposal, and increasing composting or food donation. Businesses that successfully reduce excess food by 25 percent will receive a tax credit against their business privilege tax to offset costs associated with food recycling and donation programs. The bill also mandates that approved businesses submit biannual reports to the Governor and Legislature on the effectiveness of their food reduction efforts.