Brownfields Redevelopment Incentive Program Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: 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 commerci...

UpdatedThu, Dec 24, 2020 at 10:13 am ET Replies(82) (Jose F. Moreno, Staff Photographer / The Philadelphia Inquirer) NEW JERSEY — As businesses continue to struggle and many find it hard to make ends meet, Gov. Phil Murphy is set to sign a massive, $14 billion corporate tax-break bill into law that's supposed to give New Jersey a big boost amid the COVID-19 crisis. The more than 100-page New Jersey Economic Recovery Act of 2020 — introduced last Wednesday — received criticism for its limited public testimony. But Murphy defended the proposal in Monday's coronavirus news conference, sayi...

Press Releases Pintor Marin, Coughlin on Comprehensive Economic Recovery Plan and Tax Incentive Reform Legislation, Measure Clears Legislature, Goes to Governor December 21, 2020, 2:34 pm | in Pintor Marin, Coughlin on Comprehensive Economic Recovery Plan and Tax Incentive Reform Legislation, Measure Clears Legislature, Goes to Governor Bill Receives Strong Bipartisan Support in Assembly & Senate   (Trenton) – Supporting small businesses, driving sustainable economic growth, and the long-overdue reform of our tax incentives system— the legislation sponsored by Ass...

Press Releases Over 100 New Jersey Leaders Come Out in Support of Economic Recovery and Tax Incentives Reform Legislation December 21, 2020, 11:56 am | in Over 100 New Jersey Leaders Come Out in Support of Economic Recovery and Tax Incentives Reform Legislation 12/20/2020 TRENTON – Over 100 leaders in government, the private sector, and labor from across the state expressed their support for the New Jersey Economic Recovery Act of 2020, which will be voted on in the Legislature on Monday: GOVERNOR MURPHY AND LEGISLATORS “We are proud to announce that we have reach...

Press Releases Pintor Marin, Coughlin on Comprehensive Economic Recovery Plan and Tax Incentive Reform Legislation, Measure Clears Legislative Panels December 18, 2020, 5:54 pm | in Pintor Marin, Coughlin on Comprehensive Economic Recovery Plan and Tax Incentive Reform Legislation, Measure Clears Legislative Panels   (Trenton) – Supporting small businesses, driving sustainable economic growth, and the long-overdue reform of our tax incentives system— the legislation sponsored by Assembly Budget Chair Eliana Pintor Marin and Assembly Speaker Craig Coughlin to put N...