EDA, Rutgers unveil skeptical tax credit report

Are economic incentives and tax credits actually helping New Jersey?

A state report by the Rutgers University Bloustein School of Planning and Public Policy said “it’s too soon to tell if the tax deals are helping New Jersey’s economy.”

But the report also suggested that the state might be giving out too many tax credits and gave out redundant bonuses. During the past five years, the state has awarded $5.4 billion in tax credits of various sorts.

NJBIZ, July 19, 2018