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On January 7, Governor Murphy signed into law the Brownfields Redevelopment Incentive Program Act (the Brownfields Act) as part of the broader New Jersey Economic Recovery Act of 2020 (the Recovery Act) (A4/S3925). The Recovery Act, effective immediately, appropriates over $55 million in spending and allows over $14 billion in potential tax credits aimed at various sectors and community projects.
The Brownfields Act authorizes $50 million in annual tax credits over six years to eligible developers of underused, contaminated commercial properties, known as “brownfields.” The tax credits are meant to compensate developers for the costs of cleaning up brownfields before development.
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HAMILTON (Mercer) After holding back his criticism of President Donald Trump during the pandemic, Gov. Phil Murphy said the events at the Capitol on Wednesday were an act of domestic terrorism spurred on by the president himself and his minions.
Speaking at Carella s Chocolates & Gifts before the signing of the New Jersey Economic Recovery Act, Murphy said it was Trump s inability to accept the election result that was to blame for the protest which left four people dead and over a dozen arrested. His years of lies and willful misinformation created this. His belief that the laws don t apply to him created this. His spewing of unfounded conspiracy theories created this. His unwillingness to understand even the basic precepts of the constitution created this, Murphy said, adding that he was glad Congress was able to complete the task of certifying the Electoral College votes from each state after midnight.
Gov. Murphy signs massive $14 billion corporate tax break bill
Updated Jan 08, 2021;
Posted Jan 07, 2021
Gov. Phil Murphy (right) appears with state Senate President Steve Sweeney at Carella s Chocolates & Gifts, in Hamilton Township on Thursday.Michael Mancuso | NJ Advance Media for NJ.com
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The New Jersey Economic Recovery Act of 2020 aims to create new incentive programs to attract businesses to settle in the Garden State and keep businesses from leaving. It also updates controversial economic development programs that expired 18 months ago.
Under the new law, up to $1.5 billion in tax breaks could be awarded annually for six years, which could include an additional seventh year if there are still tax incentives yet to be awarded.
UpdatedMon, Jan 11, 2021 at 1:22 am ET
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(Photo courtesy of Office of the Governor)
NEW JERSEY – New Jersey had its highest daily COVID-19 case total ever on Saturday just as Gov. Phil Murphy has signed more coronavirus bills into law.
Murphy reported 6,435 new cases on Saturday, just two days after the state hit a record high of 6,314 new cases on Thursday. Both topped the previous high mark established on Dec. 12th. It was only the fourth time New Jersey had more than 6,000 cases reported in one day.
Another 5,032 cases and 36 deaths were reported on Sunday.
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Murphy also reported 102 additional deaths on Saturday, the first time New Jersey topped 100 daily fatalities for five consecutive days since May.