Tax Credit

New Jersey News

NJ Spent $178M on Business Tax Incentive: Report

Thursday, April 12, 2012

New Jersey has an incentive program to lure businesses to the state that gives companies back the state income taxes their employees pay. A report, "Paying Taxes to the Boss," released by Good Jobs First, a tax policy group in Washington, D.C., found New Jersey spent $178 million on the program, more than any of the other 16 states with similar tax kickbacks.

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The Takeaway

Auto Industry 'Charged' to Go Electric

Monday, October 11, 2010

Electric cars are good for the environment, but can they be made affordable and viable for a cash-strapped American public? European governments and car manufacturers are investing heavily in electric cars for both environmental and economic reasons. The U.S. government is gearing up to do the same, by offering heavy tax incentives to Americans who buy electric cars.

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Schumer Wants to Make Mass Transit Tax Break Permanent

Sunday, July 25, 2010

With the federal mass transit tax break set to expire at the end of the year, U.S. Senator Charles Schumer is pushing to make the benefit permanent. The benefit covers up to $230 per month from a person’s gross income to pay for mass transit commutes, an increase from the ...

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The Takeaway

Do Film Tax Credits Hurt or Help Local Economies?

Tuesday, March 09, 2010

Massachusetts is one of forty-six states that offer tax credits to filmmakers who agree to produce their movies in that state. The benefit for the Commonwealth is added jobs and more local business while the film is in production. But some are calling for the governor to put a cap on the tax credit in order to balance the budget.

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