Scathing NJ Tax Incentives Report Leads To Calls For Change
By James Nani (June 21, 2019, 8:39 PM EDT) -- A scathing report about New Jersey's tax incentive program has led to calls for reform, though how much change is needed and how fast it could be enacted remain unclear.
The first report by a governor-appointed task force, issued Monday, laid out instances of what it characterized as mismanagement and poor training by the state's Economic Development Authority that, coupled with corporate favoritism, gave insiders a leg up in lucrative perks from the state's tax incentive programs. The report also questioned whether the current tax incentive statutes violate the state constitution.
In response to the findings, Sheila Reynertson, a senior policy...
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