Provides a corporation business tax credit for investment in certain manufacturing equipment, facility renovation, modernization, and expansion.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
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.
Bill text
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Sponsors
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3 on record
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