Establishes State purchasing preference for pervious pavement material; provides CBT tax credit to certain taxpayers that purchase pervious pavement material for municipal, county, or State construction or improvement projects.
The implementation of AB A1464 is projected to significantly influence the procurement process for State, municipal, and county construction projects. By promoting the use of pervious materials, the bill is expected to improve environmental outcomes by reducing stormwater runoff and enhancing water quality. This could lead to changes in how construction contractors assess project costs, as they will be incentivized to choose pervious materials over conventional asphalt or concrete.
Assembly Bill A1464 aims to establish a State purchasing preference for pervious pavement material, which is intended to improve stormwater management in construction projects across New Jersey. The bill mandates that the Director of the Division of Purchase and Property, along with other relevant State agencies, apply a discount to bids for projects that utilize pervious pavement materials in the bidding process. This discount is capped at five percent and will be determined based on the material's classification in a stormwater management hierarchy established by the Department of Environmental Protection (DEP).
However, the bill may face contention regarding potential impacts on construction costs and the feasibility of utilizing pervious materials. While proponents argue that the environmental benefits justify the shift, critics may raise concerns about the practicality of implementing such materials in all types of construction projects. Furthermore, the proposed tax credit of up to $3,000 for each project using pervious materials might also provoke discussion on fiscal implications for the State budget.