Archive for Tag: innovation

DePhillips’ tax credit increase for angel investors in NJ tech industry passes committee

TRENTON, N.J. – After successfully doubling the angel investor tax credit in 2019, Assemblyman Christopher DePhillips is seeking to increase it again to support technology startups and boost the innovation economy in New Jersey. His bill (A2365) increasing the credit to 35% from 20% of an investor’s qualified investment...

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DePhillips introduces bill to boost state’s angel investor tax credit program again

TRENTON, N.J. – In 2019, Assemblyman Christopher DePhillips sponsored legislation that successfully doubled the angel investor tax credit. Noting increased competition from neighboring states and a lagging economy, he introduced a bill Tuesday to increase the tax credit again. DePhillips’ bill (A5056) increases the tax credit for investments in...

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VIDEO: Republicans want bureaucrats to butt out of N.J. pharmaceutical industry

TRENTON, N.J. – Creating a government-run board to control prescription drug prices in the medicine chest of the world, aka New Jersey, is bad for business and innovation, say Republicans. WATCH: Can Bureaucrats Really Lower Drug Prices?Reina Smrdelj, a legislative analyst at the Assembly Republican Office, reveals the potential...

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