NJ Firms Stand to Lose Tax Breaks Unless Workers Come to Office

New Jersey companies must bring their employees back to the office at least three days a week to keep getting billions of dollars in tax breaks if lawmakers don’t take action to loosen the requirements before breaking in July.

Since the Covid-19 pandemic, the state Legislature has repeatedly relaxed in-office requirements for companies participating in decade-old tax incentive programs. But the most recent waiver expired at the end of March, meaning businesses must now comply with a mandate that workers spend at least 60% of their time on site or risk losing their tax credits.

The New Jersey Assembly ...