Christie signs bill offering Amazon $5B in tax incentives
Under the bill Amazon would have to create at least 30,000 full-time jobs.
New Jersey Gov. Chris Christie waves to lawmakers before delivering his final state of the state address at the Statehouse in Trenton, N.J., Tuesday, Jan. 9, 2018. (Julio Cortez/AP Photo)
New Jersey Gov. Chris Christie has signed into law up to $5 billion worth of tax incentives aimed at attracting Amazon’ second headquarters to the state.
Christie signed the bipartisan legislation on Thursday. He says the legislation shows that no other state wants Amazon to come more than New Jersey.
Under the bill Amazon would have to create at least 30,000 full-time jobs to get the tax credits, worth up to $10,000 per job. The company has said it anticipates creating 50,000 jobs.
The new law represents perhaps a final achievement for Christie, who leaves office on Tuesday. He had said passing the tax credits was a lame-duck goal of his.
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