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Legislative Update

Legislative Update:  If you joined EDANJ for breakfast in March, 2013, you learned  about EO13-- The Economic Opportunity Act of 2013—directly from the Assembly Sponsor, Assemblyman Albert Coutinho (D-Essex). The legislation passed the Assembly on May 20, 2013 along with another bill sponsored by the Assemblyman, the Redevelopment Designations & Long-Term Tax Abatements . The  Senate version, sponsored by Senator Ray Lesniak,  of EO13 continues to move forward.  EO13  expands NJ's premiere business attraction and retention incentive with strong emphasis on attracting jobs to NJ and creates one comprehensive  redeveloper incentive program. 





 
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