Requires certain businesses to submit excess food reduction plan to DEP; provides CBT credit to eligible businesses that reduce excess food by 25 percent.

This bill requires businesses with 50+ full-time employees (excluding public universities already following similar rules) to submit a food waste reduction plan to New Jersey's Department of Environmental Protection (DEP) within one year of the law's effective date. The plan must detail methods to reduce excess food - such as limiting unnecessary catering, minimizing landfill disposal, and increasing food donation or composting. Eligible businesses that achieve a 25% reduction in food waste through these methods can claim a corporation business tax credit of up to $2,500, which also reimburses associated DEP application fees. The credit aims to offset costs for alternative waste disposal while incentivizing waste reduction.