A 3864
"Garden State Manufacturing Jobs Act."
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
The Garden State Manufacturing Jobs Act authorizes the creation of ‘Garden State Corporations,’ which are New Jersey-based manufacturing companies with a significant presence in the state. It establishes specific requirements for these corporations, including employee representation on the board of directors and eligibility for tax credits. The act also outlines procedures for converting existing corporations to Garden State status and terminating that status, while providing tax incentives for companies maintaining this designation.
Sponsors
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Primary sponsors
Craig Coughlin
Gary Schaer
Cosponsors
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