Jersey City Must Refund $2M From Tax Abatement Deals

Law360 (August 9, 2018, 4:06 PM EDT) -- A New Jersey state appeals court on Thursday handed down a mixed ruling to Jersey City on its conditions for awarding tax abatements for building projects, saying the municipality was wrong to demand a $2 million prepayment of anticipated service charges but right to collect about $710,700 in affordable housing contributions.

In a published opinion, a three-judge appellate panel affirmed a trial court ruling that required Jersey City to refund the $2 million to three related development entities after finding "no statutory support" under the state's Long Term Tax Exemption Law for the city to condition the tax breaks on that...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!