Some New Jersey lawmakers are taking an interest in a corporate tax incentive ceasefire between two Midwestern states and wondering if the same concept can be applied to the Garden State and its regional neighbors. Business leaders, however, wonder if such an approach used recently by Kansas and Missouri is valid given New Jersey’s low […]
Grow NJ
NJBIA Testifies on Tax Incentives before Economic Growth Strategies Committee
The New Jersey Business & Industry Association testified today that it is paramount New Jersey puts a strong tax incentive program in place to attract and retain business in order to offset the high cost of doing business in the state. NJBIA Vice President of Government Affairs Andrew Musick told the Senate Select Committee for […]
Legislature Votes to Extend Incentive Programs for 7 Months
Incentive programs designed to offset New Jersey’s challenging business tax climate would continue until Jan. 31, 2020 under a bill passed by the Legislature yesterday, but Gov. Phil Murphy has vowed to veto it. The extension bill would continue the Grow New Jersey and the Economic Redevelopment and Growth Grant programs, until the governor and […]
NJBIA Testifies in Support of Extending, Retooling Tax Incentive Programs
NJBIA lent its support on Thursday to legislation temporarily extending two tax incentive programs that are about to expire, as well as a separate bill to recalibrate the Grow NJ Assistance Program to be more reflective of current economic conditions. “Most policymakers, including members of the Legislature and the Governor, agree that tax incentives are […]