A 3677
Provides corporation business tax and gross income tax credits to long-term care facilities that increase number of residential units reserved for single occupancy by at least five percent.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill provides tax credits to long-term care facilities in New Jersey that increase the number of single-occupancy residential units by at least five percent. Facilities that meet this criteria are eligible for a corporation business tax credit and a gross income tax credit, up to a maximum of $2,000 per year. The credits are designed to encourage the expansion of single-occupancy housing within these facilities.
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