Provides gross income tax credits to taxpayers who purchase certain low-speed electric bicycles.

This bill provides New Jersey taxpayers a state tax credit for purchasing qualifying low-speed electric bicycles. It allows a credit equal to 30% of the bike's cost, up to $1,500 per year, for bicycles costing $8,000 or less. To qualify, the bicycle must meet specific safety standards (max 20 mph, pedal-assist or throttle-only operation), and the bike cannot be used for business purposes. The credit applies to individual New Jersey residents who buy qualifying bicycles for personal use.