Establishes tax credits and financial grant related to construction and operation of advanced nuclear energy facilities.

This bill creates tax credits for businesses manufacturing equipment for advanced nuclear facilities and establishes a program to incentivize new nuclear energy construction in New Jersey. Manufacturers of nuclear components licensed by the U.S. Nuclear Regulatory Commission can claim a 15% tax credit on qualifying equipment and facility improvements, with increased rates (25%) for relocating businesses or certified minority/women/veteran-owned businesses. The New Jersey Advanced Nuclear Energy Development Program, administered by the Economic Development Authority, will award tax credits to developers who demonstrate economic feasibility, locate projects at existing nuclear sites, meet environmental standards, pay prevailing wages, and contribute 20% of project costs. Developers must also commit to obtaining U.S. Nuclear Regulatory Commission licenses by 2023-2030. The bill directly affects nuclear manufacturers and facility developers, with credits applied against state business taxes.