In CommitteeFiled Feb 6, 2026
Sponsor: Paul Faraci
Latest Action
Rule 3-9(a) / Re-referred to Assignments
May 22, 2026
Summary
The bill lets a municipality that lies within 10 miles of another state apply to be certified as a “border community.” Once certified, the community and its businesses can claim the same investment credit used in River Edge Redevelopment Zones, receive a new construction‑jobs credit, enjoy an exemption on building‑material taxes, and qualify for a property‑tax abatement. The goal is to spur economic development in border‑area towns.
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