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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.

State or TerritoryNew Jersey
Effected JurisdictionNew Jersey
Jurisdiction type: State or Territory
Fiscal year ending In2017
Program nameTechnology Business Tax Certificate Transfer (NOL) Program
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): State of New Jersey
Applicable taxesCorporate Business Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $35,221,000
Reimbursement / offset: $0
Net revenue loss: $35,221,000
Type of loss: Active
Additional notes on dislosureNew Jersey does not disclose any subsidy program that issues less than $5 million in Tax Credits.
Document sourcehttps://www.nj.gov/treasury/omb/fr.shtml