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NJ Senate Passes Delayed Tax Incentive Bill
By Joshua Alston
Law360, New York (August 19, 2013, 7:21 PM ET) -- The New Jersey Senate on Monday passed a controversial bill to create new corporate tax incentives in the state following several rounds of amendments that have attracted more critics saying the embattled legislation will hand out unneeded tax breaks to wealthy corporations and harm the environment.
The state Senate passed A3680, also known as the New Jersey Economic Opportunity Act of 2013, in a 30-4 vote months after the state’s General Assembly approved the bill in June, in a 68-5 vote that culminated a session that...