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Bill > A4161
NJ A4161
NJ A4161Makes varius changes to urban transit hub tax credit program concerning mixed use projects, in-State job relocation, tax credit and investment criteria, and affordable housing; makes certain NJ Meadowlands area properties eligible for incentive grants.*
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
2010-2011 Regular Session
Bill Summary
This bill amends the "New Jersey Economic Stimulus Act of 2009" ("act") to expand the definition of "qualifying economic redevelopment and growth grant incentive area" under the act to include an area zoned for development pursuant to a master plan or subject to a redevelopment plan adopted by the New Jersey Meadowlands Commission and any land owned by the New Jersey Sports and Exposition Authority within the boundaries of the Hackensack Meadowlands District, thereby making projects within these areas eligible for incentive grants under the Economic Redevelopment and Growth Grant program established by the act.
AI Summary
This bill expands eligibility for incentive grants under New Jersey's Economic Redevelopment and Growth Grant program by including properties within the Hackensack Meadowlands District that are zoned for development according to a master plan or subject to a redevelopment plan adopted by the New Jersey Meadowlands Commission, as well as any land owned by the New Jersey Sports and Exposition Authority within that district. The Economic Redevelopment and Growth Grant program, established by the "New Jersey Economic Stimulus Act of 2009," provides financial incentives to developers for redevelopment projects. By broadening the definition of a "qualifying economic redevelopment and growth grant incentive area," this bill aims to encourage development and economic growth in these specific areas.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Substituted by S2972 (2R) (on 06/29/2011)
Official Document
bill text
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bills/BillView.asp?BillNumber=A4161 | 04/25/2013 |
| Assembly Committee Substitute | https://www.njleg.state.nj.us/2010/Bills/A4500/4161_U1.HTM | 05/29/2012 |
| Bill | https://www.njleg.state.nj.us/2010/Bills/A4500/4161_I1.HTM | 05/28/2012 |
| Legislative Fiscal Estimate 7/6/11; ACS | https://www.njleg.state.nj.us/2010/Bills/A4500/4161_E1.HTM | 04/23/2012 |
| Statement ABU 6/27/11 ACS | https://www.njleg.state.nj.us/2010/Bills/A4500/4161_S1.HTM | 04/23/2012 |
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