S.4305

Increases grant limit for reassignment of employees to State in certain cases; requires publication of guidance and authorizes State intervention for.

Amends current provisions of law governing the New Jersey Re-Assigning In-State Employees pilot program. The bill authorizes the New Jersey Economic Development Authority to issue a grant to a business in excess of the $500,000 limit, when the authority determines that the long-term gross income tax revenues generated from all resident employees re-assigned by the business to a New Jersey location are projected to exceed 200 percent of the grant award.