This bill mandates the installation of emergency power supply systems in the common recreation or community facilities, such as clubhouses, of new planned real estate developments in New Jersey. The Commissioner of Community Affairs is tasked with revising the State Uniform Construction Code to establish criteria for these systems, ensuring they provide reliable electrical power during outages and meet performance standards set by the National Fire Protection Association. Additionally, these facilities must include public charging stations for residents' electronic devices. The bill also outlines the definition of an emergency power supply system and a planned real estate development.

To incentivize compliance, the bill offers tax benefits, including a corporation business tax deduction and a gross income tax deduction (up to $10,000) for the costs associated with these systems, as well as a sales tax exemption on related purchases. Developers of new common interest communities must condition their registration on the installation of these systems, and the bill encourages existing communities to consider retrofitting their facilities. The act is set to take effect four months after enactment, applying to applications for construction permits and registrations that are incomplete at that time.