Provides corporation business tax and gross income tax credits for purchase and installation of electric vehicle charging stations and for commercial zero emission vehicle fleet conversions.

S 616 provides New Jersey businesses with tax credits for installing electric vehicle (EV) charging stations and converting commercial vehicle fleets to zero-emission models. Businesses that purchase and install EV charging stations (capped at $1,000 per station) or buy qualifying zero-emission vehicles (with credits up to $100,000 based on vehicle weight) can claim a 50% credit against corporation business tax or gross income tax. To qualify, businesses must apply for certification from the Environmental Protection Commissioner, proving purchase dates, costs, and installation details, with decisions made within 90 days. The credits apply for five years starting after the bill’s effective date and require submitting certification with tax returns.