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

This bill provides tax credits for businesses and individuals who purchase certain compressed natural gas (CNG) vehicles for business use. Businesses can claim credits for CNG passenger vehicles ($3,500 in 2023, $2,500 in 2024, $1,500 in 2025) and Class 8 CNG trucks ($25,000 in 2023, $15,000 in 2024, $7,500 in 2025), while individuals can claim credits for CNG passenger vehicles with similar annual reductions. To qualify, taxpayers must use vehicles exclusively for business and obtain certification from the Commissioner of Environmental Protection confirming the vehicle's CNG status. The credits are limited to 50% of tax liability and may be carried over to future years if not fully utilized in the current tax period.