New Jersey Economic Recovery Act of 2020 | Genova Burns LLC
On December 21, 2020, the New Jersey Legislature passed the “ New Jersey Economic Recovery Act of 2020” (the “Economic Recovery Act” or the "Act"), an omnibus piece of legislation which provides support for various programs and policies related to jobs, property development, food deserts, community partnerships, and small and early-stage businesses, among others. The bill now heads to Governor Murphy, who is expected to sign it into law. In an effort to bolster development, the Economic Recovery Act creates, among other things, various tax credit programs which will provide qualifying...
Source: jdsupra.com