New Jersey A234 offers a 20% tax credit for investments in manufacturing equipment and facility improvements.

New Jersey A234 provides a corporation business tax credit for 20% of the costs of certain manufacturing equipment installed at a manufacturing facility and for improvements or additions that result in the renovation, modernization, or expansion of a manufacturing facility. The bill defines "manufacturing equipment" as machinery, apparatus, or equipment used in the production of tangible personal property that is eligible for the sales tax exemption for manufacturing equipment.

New Jersey A234 offers a 20% tax credit for investments in manufacturing equipment and facility improvements.

New Jersey A234 provides a corporation business tax credit for 20% of the costs of certain manufacturing equipment installed at a manufacturing facility and for improvements or additions that result in the renovation, modernization, or expansion of a manufacturing facility. The bill defines "manufacturing equipment" as machinery, apparatus, or equipment used in the production of tangible personal property that is eligible for the sales tax exemption for manufacturing equipment.