S 4512·NJ·senate
Reduces tax credits available for Next New Jersey Program from $500 million to $250 million.
In CommitteeFiled Jun 22, 2026
Sponsor: Burgess, Renee C. (D)
Latest Action
Introduced First Reading Senate Referred to SBA
Jun 22, 2026
Summary
The legislation lowers the amount of tax credits available under the Next New Jersey program, halving the current $500 million limit to $250 million. This reduction will affect businesses and projects that depend on those credits for financing. The change is intended to reduce the state's tax‑credit spending.
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