Lawmakers advance measure extending Christie-era tax credits

Posted: Updated:
TRENTON -

(AP) - New Jersey lawmakers have advanced legislation to extend the state's expiring business tax incentive programs over Gov. Phil Murphy's proposed overhaul.

An Assembly committee voted Thursday to advance legislation to extend the Economic Opportunity Act of 2013 programs six months beyond the June 30 expiration deadline.

Whether and how to extend the incentives is at the heart of a political dispute between the Democratic governor and the Democrat-led Legislature.

RELATED: NJ tax credit task force postpones hearing after Norcross sues 

Murphy favors capping awards to businesses. Lawmakers question if the current system should be scrapped.

Making the situation tenser, Murphy launched a task force to investigate how the Chris Christie-era credits were doled out. At a hearing it raised questions about how companies tied to political powerbroker George Norcross got awards.

Norcross is suing Murphy and wants the task force disbanded.

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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