N.J. Gov. approves transit tax credit expansion

Posted on August 10, 2012

WOODLAND PARK, N.J. — Gov. Chris Christie approved the expansion of the Urban Transit Hub tax credit by $250 million, further supporting a state commitment to fund growth around public transportation routes, NorthJersey.com reported.

The action expands the program's cap of available tax credits to a total of $1.75 billion, meaning developers can again seek incentives through the Economic Development Authority if they make capital investments in nine cities near major public transit lines. For the full story, click here.

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