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Tax Break Tracker Individual Entry

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.

StateNew Jersey
Effected JurisdictionNew Jersey
Jurisdiction type: State
Fiscal year ending In2022
Program nameGrow New Jersey Assistance Program (GROW NJ)
Program purpose: Job Creation/Retention
Statutory authority: Public Laws 2013 c. 161
Abating jurisdiction(s): State of New Jersey
Applicable taxesCorporation Business Tax; Insurance Premium Tax
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $222,681,000
Reimbursement / offset: $0
Net revenue loss: $222,681,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.nj.gov/treasury/omb/publications/22fr/NJFRFY2022Complete.pdf