TRENTON, NJ-Locally-based land use group New Jersey Future charges that the current bill aimed at revamping how the state awards corporate tax incentives would lend aid to some projects in the most environmentally sensitive regions in the Garden State.
The organization, which originally supported the measure, now says it is unsure if it backs the proposal as it currently is written, according to The Record.
According to the proposal, projects are eligible for incentives in rural and environmentally sensitive areas if "a structure exists or previously existed including any desired expansion of the footprint of the existing or previously existing structure.” That section creates a loophole "that makes virtually any property in the state, regardless of location, eligible for incentives," according to a New Jersey Futures blog.
The New Jersey Sierra Club says, "there are loopholes big enough to run bulldozers through for development." See story in The Record.
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