L. 2023, S287 (c. 4), effective 6 months from 01/31/2023, provides corporation business tax and gross income tax credits for certain deliveries of low carbon concrete and for costs of conducting environmental product declaration analyses of low carbon concrete. Under the bill, for the delivery of low embodied carbon concrete, a taxpayer may be eligible for a tax credit not to exceed 5% of the costs of the low embodied concrete delivered. Low embodied carbon concrete means concrete that has been certified to embody lower carbon emissions, as measured by a global warming potential metric, than the baseline embodied carbon emissions of conventional concrete made with Portland cement. The exact formula for the credit will be determined by the New Jersey Department of Environmental Protection in conjunction with the New Jersey Division of Taxation.