Developers May be Required to Pay for Off-Tract Mass Transit Upgrades
Throughout the country various methods have been employed in hopes of generating the necessary capital to upgrade transit infrastructure. New Jersey is no stranger to this problem and Senators Joseph P. Cryan and Loretta Weinberg are sponsoring S-368, a bill that they believe provides the solution.
Changes Coming to New Jersey Long-Term Tax Exemption Statute
Several bills affecting the long-term tax exemption statute are slowly making their way through the New Jersey Legislature. While each bill addresses different provisions of the statute, the common theme among them is one of restrictiveness.