New Jobs Investment Tax Credit
Funds new or expanded New Jersey business facilities that create permanent jobs through five annual tax-credit instalments.
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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