The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Trenton NJ, Assemblyman Christopher P. DePhillips (40-R) is close to successfully increasing the angel investor tax credit once again after doubling it in 2019. His bill incentivizing financial support for technology startups passed both the full Assembly and Senate on Monday, sending it to the governor’s desk for a signature.
the staff of the Ridgewood blog
Trenton NJ, after successfully doubling the angel investor tax credit in 2019, Assemblyman Christopher DePhillips is seeking to increase it again to support technology startups and boost the innovation economy in New Jersey.
Continue reading Increase in Angel Investor Tax Credit For NJ Tech Industry Passes Committee
the staff of the Ridgewoodblog
Trenton NJ, Attorney General Matthew J. Platkin and the Office of Public Integrity and Accountability (OPIA) today announced that Holtec International, a Camden-based energy technology company involved in the decommissioning of nuclear power sites, agreed to pay $5 million in penalties and retain an independent reviewer approved by the State to monitor future applications for State benefits, and in exchange the State agrees to defer criminal prosecution following a lengthy criminal investigation into applications by Holtec and a related company, Singh Real Estate Enterprises (SRE), to the New Jersey Economic Development Authority (EDA) for $1 million worth of tax credits from the Angel Investor Tax Credit Program.
Continue reading Holtec International Agrees to Pay $5 Million Penalty
the staff of the Ridgewood blog
Trenton NJ, in 2019, Assemblyman Christopher DePhillips sponsored legislation that successfully doubled the angel investor tax credit. Noting increased competition from neighboring states and a lagging economy, he introduced a bill Tuesday to increase the tax credit again.
