Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | New Jersey |
| Effected Jurisdiction: | New Jersey |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2022 |
| Program name: | Economic Redevelopment and Growth (ERG) Program |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | Public Laws 2013 c. 161; P.L. 2014 c. 63; N.J.S.A. 34:1B-207 |
| Abating jurisdiction(s): | State of New Jersey |
| Applicable taxes: | Corporation Business Tax; Insurance Premium Tax; Gross Income Tax |
| Method of abatement: | Tax Credit; Tax refund |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $72,032,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $72,032,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.nj.gov/treasury/omb/publications/22fr/NJFRFY2022Complete.pdf |
