A 234
Provides a corporation business tax credit for investment in certain manufacturing equipment, facility renovation, modernization, and expansion.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a corporation business tax credit for investments made in New Jersey by businesses. Specifically, it provides a credit for 20% of the costs associated with installing manufacturing equipment, renovating, modernizing, or expanding manufacturing facilities. Unused credits can be carried forward for up to seven years.
Sponsors
Official sponsors from legislative records.
Primary sponsor
John Azzariti
Cosponsors
Michael Inganamort
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