New Jersey A4437 provides tax credits for moderate-income housing projects in distressed municipalities.

New Jersey A4437 provides corporation business and gross income tax credits for qualified moderate-income housing projects in certain distressed municipalities. The credits are for either 25 percent or $1 million of the qualified construction costs incurred by the taxpayer, whichever is less. To claim the credits, a taxpayer must submit an application to the Director of the Division of Taxation, demonstrating that the project meets the requirements. The credits can be carried forward if not fully used.

New Jersey A4437 provides tax credits for moderate-income housing projects in distressed municipalities.

New Jersey A4437 provides corporation business and gross income tax credits for qualified moderate-income housing projects in certain distressed municipalities. The credits are for either 25 percent or $1 million of the qualified construction costs incurred by the taxpayer, whichever is less. To claim the credits, a taxpayer must submit an application to the Director of the Division of Taxation, demonstrating that the project meets the requirements. The credits can be carried forward if not fully used.