Permits business entities and nonprofit organizations to adopt certain responsibilities related to stormwater management basins; provides corporation business tax credit for adoption of stormwater management basins in certain watersheds.

This bill allows businesses and nonprofit organizations to enter agreements with stormwater agencies to manage stormwater basins in designated watersheds (including Lake Hopatcong, Budd Lake, and others). It provides a 100% tax credit against New Jersey's corporation business tax, capped at $1,000 per year or 50% of the tax liability, for certified costs related to basin adoption. The credit requires agencies to certify participation and basin location in qualifying watersheds, with unused credits carryable for up to four years. The bill does not impose new costs on agencies but requires participating entities to demonstrate capability and secure liability waivers.