Murphy’s Veto Leaves N.J. Without Broad Tax-Credit Incentives

Aug. 23, 2019, 6:05 PM

New Jersey Governor Phil Murphy rejected a reprieve for an expired $11 billion tax-credit program that’s under review for suspected abuse.

“In light of the myriad and well-documented issues with the current tax incentive programs, I cannot in good conscience approve this bill,” Murphy wrote in a message accompanying his conditional veto of a bill sponsored by fellow Democrats.

The legislation -- to extend the program to applicants through Jan. 31 -- had sat on his desk without action since June, which its backers had seen as a sign of potential compromise between the first-term governor and Assembly and Senate ...

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