Massive $11.5B business tax break bill quickly advanced by N.J. lawmakers, set for full vote Monday
Updated Dec 21, 2020;
A bill that would revive New Jersey’s controversial tax incentive program aimed at attracting small and large businesses over the next six years was approved by two powerful state legislative committees Friday, just a few days after a deal was announced by lawmakers and Gov. Phil Murphy.
The full state Senate and Assembly are expected to vote Monday on the 219-page bill, which would set up an $11.5 billion program to update and expand corporate tax breaks. The program expired 18 months ago during a fierce fight between Murphy and his fellow Democrats who control the Legislature.