New Jersey A3860 offers a corporation business tax credit for investments in manufacturing equipment, facility renovations, and hiring and training.

New Jersey A3860 provides a corporation business tax credit for investments in manufacturing equipment and facility renovations, modernizations, and expansions, or for hiring and training new employees for manufacturing purposes. The credit applies to expenditures in State-designated Smart Growth Areas. The bill defines "manufacturing equipment" as machinery used in the production of tangible personal property, and "manufacturing facility" as a business location where more than 50% of the business personal property is manufacturing equipment.

New Jersey A3860 offers a corporation business tax credit for investments in manufacturing equipment, facility renovations, and hiring and training.

New Jersey A3860 provides a corporation business tax credit for investments in manufacturing equipment and facility renovations, modernizations, and expansions, or for hiring and training new employees for manufacturing purposes. The credit applies to expenditures in State-designated Smart Growth Areas. The bill defines "manufacturing equipment" as machinery used in the production of tangible personal property, and "manufacturing facility" as a business location where more than 50% of the business personal property is manufacturing equipment.