tax credits

Real Estate Insight

New Tax Credits For Developers Unveiled

New Jersey Governor Murphy unveiled legislation that would allocate up to $20 million in tax credits annually to help developers or tenants close a financing gap when rehabilitating certain buildings or sites. According to the bill, a developer can receive up to $4 million in historic preservation tax credit for an eligible rehabilitation project Developers can now seek up to $4 million under proposed historic tax credit program.

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