Global Trade Alert
Global Trade Alert

United States of America/State of New Jersey: Expansion of the “New Jersey Angel Investor Tax Credit Act” to a $15 million program

Announcement

10 Jul 2019

The state legislature increased tax credits under the “New Jersey Angel Investor Tax Credit Act” to a level that is estimated to result in an annual state revenue loss of up to $15 million.

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jan 2020

Revocation date:

No revocation date

Updated: 10 Jul 2019
Tax or social insurance relief In force

On January 13, 2013 the New Jersey state legislature approved a bill (S581) entitled the “New Jersey Angel Investor Tax Credit Act.” The governor subsequently signed the bill into law. ...

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