Tax Break as a Not-So-Secret Weapon

(The New York Times) The tax break wars are heating up again, as New Jersey aggressively pushes a revamped program to encourage businesses to stay or move within its borders.

The retooled tax credit is called Grow New Jersey, a consolidation and expansion of several previous programs. Some companies, even those already in the state, might be eligible for as much as $300 million in tax credits per project.

The Legislature approved the Grow New Jersey program in September, and in December it announced its first round of recipients, including Valeant Pharmaceuticals, which is leaving its current home for another. Credit: Aaron Houston for The New York Times

Source: http://www.nytimes.com/2014/01/08/business...