Archive for Tag: tax incentives

DiMaio: Let’s talk tax cuts, not incentives

TRENTON, N.J. – The Select Senate Committee on Economic Growth Strategies held a hearing yesterday with a panel of national experts who were largely critical of the Economic Development Authority’s controversial tax incentive program. Assemblyman John DiMaio, the Republican budget officer, echoed the experts’ sentiments that there are better...

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Peters announces sweeping EDA reforms

LUMBERTON, N.J. – Assemblyman Ryan Peters announced a package of reforms to protect taxpayers from fraud and prevent backroom deals at the Economic Development Authority. “Recently, we’ve witnessed the unearthing of hidden influence and rampant abuse within the Economic Development Authority and how it doles out billions of dollars...

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Dancer bill to resurrect abandoned stores, malls now law

TRENTON, N.J. – Assemblyman Ron Dancer’s plan to reinvigorate mostly vacant shopping malls and office parks was signed by Gov. Phil Murphy today. Dancer’s bill (A1700), which unanimously passed the Assembly and Senate in June, allows towns to mark decaying commercial sites for redevelopment to qualify for tax incentives....

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