Economic Recovery Tax Credit
Funds business investment and new full-time jobs in qualified New Jersey municipalities through a corporation tax credit.
Eligibility · New Jersey taxpayers and qualifying New Jersey project activity
The New Jersey Division of Taxation administers the Economic Recovery Tax Credit for companies conducting business in a municipality covered by the Qualified Municipality Open for Business Incentive Program. A taxpayer may claim the credit against Corporation Business Tax when it operates at a qualifying location and is not receiving a benefit under the New Jersey Urban Enterprise Zones Act. The b…
Business expansion in a qualified municipality, including investment at the location and the creation of new full-time positions.
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