Tag: Long Term Tax Abatement Law

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Proposed Legislation Requires Prevailing Wage for PILOT Projects

On By Sheri Siegelbaum

New Jersey lawmakers are currently considering legislation that would require developers to pay the prevailing wage for public work on properties receiving tax abatements or exemptions. The Assembly Labor Committee recently advanced Assembly Bill No. 3435, which will now go before the full Assembly. As we have previously discussed on

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New Tax Abatement Law Takes Effect in New Jersey
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New Long Term Tax Abatement Law Takes Effect in New Jersey

On By dpepe

Gov. Chris Christie recently signed legislation into law that imposes new requirements on municipalities that provide long term tax abatements. Most notably, cities and towns will be required to file the financial agreements required in relation to long term tax exemptions with their county finance officer and counsel, as well

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