Where did the money go? Buyers of lucrative state tax credits remain secret

December 2, 2019

An official with the National Park Service said the federal credits cannot be sold, but developers often bring on an equity investor who can claim the credits.

Julia Sass Rubin, an associate professor at Rutgers University in New Jersey who studies tax incentive programs, said hiding the identity of tax credit buyers, however, raises questions about whether they are being used properly.

“It does open up all sorts of possibilities for mischief,” Rubin said. “It’s just generally bad government not to tell people where their tax credits are going. These are public tax dollars. There’s a lot of different ways it could be exploited.”

The Salem News, December 1, 2019

Recent Posts

NJSPL – New Jersey Employment Concerns Revisited

As 2024 began with yet another surprisingly strong jobs report for the U.S. (353,000 jobs added in January and the unemployment rate steady at 3.7%), and with a full year’s worth of 2023 state-level employment data now available, it’s worth briefly revisiting some of...

New Research: The Traffic Calming Effect of Delineated Bicycle Lanes

Abstract We analyze the effect of a bicycle lane on traffic speeds. Computer vision techniques are used to detect and classify the speed and trajectory of over 9,000 motor-vehicles at an intersection that was part of a pilot demonstration in which a bicycle lane was...

Upcoming Events

Event Series CAREERS

Career Virtual Drop-ins


Bloustein Career Development Specialists Cheryl Egan and Andrea Garrido will be in a Zoom Room on Monday's beginning January 22, 2024 (excluding holidays and spring break) to answer questions, provide […]