S 4869·NJ·senate
Expands Neighborhood Revitalization Tax Credit Program including eligible neighborhoods and annual tax credit limit.
Introduced
Sponsor: Polistina, Vincent J. (R)
Summary
This legislation widens the list of neighborhoods that qualify for the state’s Neighborhood Revitalization Tax Credit and sets a maximum amount that can be claimed each year. It would affect property owners and developers who seek tax relief for projects in those newly eligible areas, aiming to encourage more investment in community improvement.
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