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January 13, 2016

Legislation signed on January 11, 2016 (S-3232/A-4834) by Governor Christie may be important to companies who received a Business Employment Incentive Program (“BEIP”) grant in New Jersey.  This new legislation allows grantees the option to convert BEIP cash grants into refundable tax credits against corporate, gross income, or insurance premium tax liabilities.

 

Since the BEIP has experienced funding shortages, converting to t...

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BlueCap Economic Advisors, LLC

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