Low-Carbon Concrete Tax Incentives Signed into Law in New Jersey

New Jersey Gov. Phil Murphy (D) on Monday signed a bill that gives businesses tax credits for using concrete made with lower carbon emissions.

Other states have measures that recommend studies of tax credits, but New Jersey is now the first in the nation with incentives on the books.

The bill gives concrete makers within New Jersey a credit of up to 5% of a project’s total concrete cost if they deliver materials with low levels of embodied carbon. The measure also offers a tax credit of up to 3% of a project’s concrete cost ...