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Governor Murphy in the NJ state house in February 2020
Governor Murphy s Office
New Jersey is on the verge of passing a new tax break program that could give away as much as $11.5 billion over the next six years.  A draft of the bill became public today, and it looks to have some of the same gifts to political insiders that doomed its predecessor. 
Governor Phil Murphy announced that he and legislative leaders reached an agreement on a revamped tax incentive program last week and a draft of the bill became available today.
“It’s got a lot that we should feel good about,” Murphy said. “It has caps. It’s got strong compliance standards. It does a lot for communities that have been hit hard by COVID.” ....

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