Revises New Jersey Aspire Program, establishes Redevelopment Project Bridge Financing Program, and amends tax definitions.

The bill revises the New Jersey Aspire Program by modifying definitions, eligibility criteria, and tax credit provisions. It establishes the Redevelopment Project Bridge Financing Program to provide loans and loan guarantees to developers with project financing gaps. The bill also amends tax definitions, including those for "entire net income" and "gross income," and modifies the calculation of tax credits. It sets new requirements for developers, including the submission of annual reports and compliance with prevailing wage rates.

Revises New Jersey Aspire Program, establishes Redevelopment Project Bridge Financing Program, and amends tax definitions.

The bill revises the New Jersey Aspire Program by modifying definitions, eligibility criteria, and tax credit provisions. It establishes the Redevelopment Project Bridge Financing Program to provide loans and loan guarantees to developers with project financing gaps. The bill also amends tax definitions, including those for "entire net income" and "gross income," and modifies the calculation of tax credits. It sets new requirements for developers, including the submission of annual reports and compliance with prevailing wage rates.