Revises certain eligibility requirements under NJ Aspire Program; establishes net neutral benefits test for redevelopment projects that incur certain sustainability and resiliency costs.

This bill revises eligibility rules for New Jersey's Aspire Program, which offers tax credits to incentivize redevelopment projects. It requires developers of commercial projects (100,000+ sq ft of office/retail/industrial space) to prove that sustainability and resiliency upgrades (like flood mitigation or green building features) won't reduce the project's overall financial benefit - a "net neutral benefits test." This affects developers seeking Aspire Program tax credits for large-scale redevelopments, particularly in designated "enhanced areas" or distressed municipalities. The bill aims to balance environmental goals with project financial viability under the existing incentive framework.