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: | New Jersey |
| Effected Jurisdiction: | New Jersey |
Jurisdiction type: | State |
| Fiscal year ending In: | 2019 |
| Program name: | Grow New Jersey Assistance Program (GROW NJ) |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | P.L. 2013, c.161 |
| Abating jurisdiction(s): | State of New Jersey |
| Applicable taxes: | Business Tax; Insurance Premium Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | the New Jersey Economic Development Authority is authorized to issue a recapture assessment of all or a portion of Tax Credits, which shall be based upon the proportionate value of the grant of Tax Credits that corresponds to the amount and period of noncompliance. |
| Gross revenue loss: | $119,445,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $119,445,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.nj.gov/treasury/omb/fr.shtml |
