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Tax Incentives

Report from Joint NJBIA/NJ Chamber of Commerce Taxation & Economic Development Policy Committee Meeting

Feb05,2021
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Nicole Sandelier, director of Economic Policy Research at NJBIA and executive director of Focus NJ, provides the following summary of the NJBIA/State Chamber of Commerce’s Taxation and Economic Development Policy Committee meeting, held virtually on Jan. 29.   Last week, the Joint Taxation and Economic Development Policy Committee met virtually with guest speakers John Ficara, the director of the Division of Taxation at the New […]

NJBIA Testifies in Support of Tax Incentive Legislation

Dec18,2020
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NJBIA Vice President of Government Affairs Christopher Emigholz has submitted testimony to the Assembly Appropriations and Senate Budget and Appropriations committees highlighting the great need for the Economic Recovery Act of 2020 (S-3295/A-4), after 18 months of New Jersey having no active, comprehensive economic development program.     Emigholz details the strengths of the legislation, as it […]

Tax Incentive Ceasefire Concept Draws Mixed Reviews

Aug16,2019
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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 […]

In Defense of Trading Economic Development Tax Credits

Jul22,2019
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A new front has opened in the discussion on economic development incentives, and journalist Tom Bergeron is bringing some reality to the discussion. Bergeron, editor and chief content officer of the news website ROI-NJ, recently took a deeper dive on the sale of tax credits that are received in return for creating jobs and investing […]

NJBIA Testifies in Support of Extending, Retooling Tax Incentive Programs

Jun13,2019
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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 […]

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