New Jobs Investment Tax Credit
Funds new or expanded New Jersey business facilities that create permanent jobs through five annual tax-credit instalments.
Eligibility · New Jersey taxpayers and qualifying New Jersey project activity
The New Jersey Division of Taxation administers the New Jobs Investment Tax Credit for investment in new or expanded business facilities that creates permanent employment in the state. A qualifying small or mid-sized project must generally create at least five jobs, while a large business must create at least 50. The project must meet the current median-compensation test, and the average value of …
Investment in a new or expanded New Jersey business facility that increases in-state property and creates qualifying permanent jobs.
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