Gov. Phil Murphy doubled down on his pledge to veto a bill to extend New Jersey’s embattled tax incentive programs, while still offering hope for a compromise with state lawmakers.
With less than four weeks to go until New Jersey’s tax incentive programs expire, Gov. Phil Murphy on Wednesday unveiled a bill to establish new subsidies for developers and businesses that would include annual caps on awards and requirements tied to union labor.
Gov. Phil Murphy is hoping to lure new investors to some of the state’s oldest buildings, touting a proposed historic preservation tax credit as part of his plan to overhaul New Jersey’s embattled incentive programs.