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The deadline to file an application is November 30, 2024. For more information, click HERE. You can also call the ANCHOR hotline at 609-826-4282 or 1-888-238-1233. NJ's ANCHOR property tax relief ...
New Jersey must address construction tax fraud. ... Our New Jersey construction working families are 27% more ... Workers and law-abiding employers will see some relief from the misclassification ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
e. The rules governing partnership taxation, for purposes of the U.S. Federal income tax, are codified according to Subchapter K of Chapter 1 of the U.S. Internal Revenue Code (Title 26 of the United States Code). Partnerships are "flow-through" entities. Flow-through taxation means that the entity does not pay taxes on its income.
Gov. Phil Murphy is expected to provide more than $3.5 billion in tax relief in the coming fiscal year, continuing his affordability message.
In the United States, payment in lieu of taxes can arise in several ways: Land owned by the federal government is generally not subject to taxation by state or local governments. Under Public Law 94-565, enacted in 1976, the federal government began making payments in lieu of taxation to local governments affected by this reduction in their tax ...
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An Executive Take. The Small Business Liability Relief and Brownfields Revitalization Act was a response to the 1980 act entitled The Superfund, which forced industries to pay for their own toxic spills and general pollution. President Bush cited in his address, on January 11, 2002, that "American cities have many such eyesores; anywhere from ...