TRENTON – Legislation sponsored by Senators Joseph Vitale and Raymond Lesniak focused on providing treatment options for incarcerated individuals and…
TRENTON – A bill sponsored by Senators Sandra Bolden Cunningham (D-Hudson) and Teresa Ruiz (D-Essex) that would expand eligibility for the Urban Transit Hub Tax Credit and make other changes to the program was approved 37-0 today by the Senate.
By expanding eligibility requirements, the bill would make Secaucus eligible for the credit. The program was created to attract investment in areas surrounding transit hubs, leading to more jobs and encouraging the use of mass transit.
TRENTON – Legislation sponsored by Senators Sandra Bolden Cunningham and Teresa Ruiz to expand eligibility for the Urban Transit Hub Tax Credit Act and provide more incentives for businesses to open near public transportation centers, was approved by the full Senate today.
“The Urban Transit Hub Tax Credit program is an economic incentive designed to encourage smart growth principles and focus on rail and pedestrian modes of transportation rather than automobile travel,” said Senator Cunningham, D-Hudson. “The program also serves as a means of job creation and infrastructure development in the State. Under the bill, in order to be considered a transit hub, a property would need to be within a close proximity to a transit station.”