S.1335

New Jersey S1335 provides a corporation business tax credit for investments in manufacturing equipment and facility renovations, modernizations, and.

New Jersey S1335 offers a corporation business tax credit for 20 percent of the costs of certain manufacturing equipment installed at a manufacturing facility in the state and 20 percent of the costs of improvements or additions that result in the renovation, modernization, or expansion of a manufacturing facility. The credit applies to amounts paid in privilege periods beginning after the date of enactment. Expenditures qualifying for this credit cannot also qualify for other specified tax credits.