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>New Jersey Fiscial Crisis : New Jersey foregoes more than $15 billion a year in tax revenue through various credits, deductions, exemptions and other special provisions in the state’s tax code

>State ‘spends’ over $15 billion on would-be taxes

New Jersey foregoes more than $15 billion a year in tax revenue through various credits, deductions, exemptions and other special provisions in the state’s tax code, a new state report shows. A 35-page report on these so-called “tax expenditures’ was released quietly last month by Gov. Chris Christie’s administration, to comply with a new law passed by the Legislature in January and signed by lame-duck Gov. Jon S. Corzine. (Symons, Gannett)

https://www.app.com/article/20100404/NEWS0301/4040333/1007/NEWS03/State-spends-over-15-billion-on-would-be-taxes

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