SENATE ECONOMIC GROWTH COMMITTEE
SENATE, No. 1562
STATE OF NEW JERSEY
DATED: FEBRUARY 16, 2012
The Senate Economic Growth Committee reports favorably Senate Bill No. 1562.
This bill increases the maximum amount of tax credits allowable under the “Urban Transit Hub Tax Credit Act,” P.L.2007, c.346 (C.34:1B-207 et seq.), from $1.5 billion to $2.5 billion, and the maximum amount of tax credits allowable under the “Grow New Jersey Assistance Act,” P.L.2011, c.149 (C.34:1B-242 et al.), from $200 million to $400 million.