Provides 10-year sales and use tax exemption for sales of materials, supplies, and services for certain energy infrastructure projects.

This bill proposes a ten-year exemption from sales and use taxes for materials, supplies, and services used exclusively in specific energy infrastructure projects in New Jersey. The exemption directly benefits contractors, subcontractors, and repairmen working on new energy generation facilities or major improvements to existing ones, including the construction of new energy storage systems. By removing the tax burden on these purchases, the legislation aims to lower costs for building or upgrading power generation and storage capabilities. The tax relief would apply starting the year after the bill is enacted and would remain in effect for a decade.