Taxes
Murphy lets ‘flawed’ N.J. tax break programs expire, vows to veto extension bill
New Jersey has let expire two tax incentive programs that have helped attract companies to Camden and several other struggling towns.
6 years ago
ProPublica
A huge tax break went to a politically connected company in New Jersey despite red flags
Holtec told N.J. regulators that Ohio was competing for its new headquarters. Officials there stripped the firm of past tax awards for failing to create the jobs it promised.
6 years ago
Gov. Murphy digs in over millionaires’ tax, making gov’t shutdown more likely
New Jersey Dems can’t agree on whether to tax the rich. At stake is a possible government shutdown on July 1.
6 years ago
N.J. judge rules against Norcross, allows tax incentive report released
South Jersey power broker George Norcross failed to stop a task force from releasing its report that puts him and his allies in an unfavorable light.
6 years ago
N.J. lawmakers leave Murphy’s millionaire’s tax out of proposed budget
Democratic lawmakers in New Jersey introduced a state budget proposal Monday that doesn’t include a millionaire’s tax proposed by Gov. Murphy.
6 years ago
NJ AG considers suing the IRS over charitable contributions decision
New Jersey AG Gurbir Grewal is mulling a suit against the IRS after its ruling that a workaround to a cap on tax deductions isn’t legal.
6 years ago
NJ Spotlight
Booker’s affordable housing plan features tax credit for renters
Saying America has a “housing affordability crisis,” Booker’s proposal also seeks to end restrictive zoning laws that keep low-cost housing out of many communities.
6 years ago
N.J. tax credit task force postpones hearing after Norcross sues
The task force said in a statement Friday that the judge presiding over the lawsuit asked that Tuesday's hearing be delayed, and the panel agreed.
6 years ago
The Philadelphia Tribune
Philly Council unveils $5B budget, increases tax break for some homeowners
Philadelphia’s budget is teed up to bust $5 billion for the first time in its history.
6 years ago
Amid tax break fight, residents show top N.J. official the ‘real’ Camden
Economic development chief Kevin Quinn agreed to a four-hour tour of Camden, a gesture of good-will at a time of ratcheting tensions over tax breaks.
6 years ago
NJ Spotlight
As June 30 deadline looms, Murphy releases plan to reform EDA tax incentives
Murphy called for the current programs to be reformed after a major audit raised troubling concerns about the Economic Development Authority’s ability to administer them.
6 years ago
More tax credits? More spending? Pa. lawmakers continue to clash on education
The proposed increase to the Educational Improvement Tax Credit will likely be used as a bargaining chip in ongoing budget negotiations.
6 years ago
Tax on wealthy, business incentives emerging as top issues in N.J.
Raising taxes on the wealthy and renewing an expiring business incentive program are emerging as top fights as New Jersey's budget deadline approaches.
6 years ago
N.J. may roll back tax on Shore rentals, but details remain fuzzy
When will the measure take effect? Who will it help? Key questions still unanswered as lawmakers move ahead with votes on tax on Shore rentals.
6 years ago
ProPublica
Emails show how much pull political bosses had over N.J. state tax breaks
State officials scrambled to meet the demands of a lawyer at the firm where Philip Norcross, the brother of N.J. political boss George E. Norcross III, is managing partner.
6 years ago