REPORT: Feds Investigating NJ EDA Tax Incentive Program

Statehouse

“Federal authorities in Philadelphia have launched an investigation in connection with New Jersey’s multibillion-dollar corporate tax-incentive program, according to three sources with knowledge of the probe,” according to The Philadelphia Inquirer.

Read the story here.

More:

FBI agents have interviewed potential witnesses over the last month, sources said. Among their areas of interest has been the development boom in Camden, which has been fueled by $1.6 billion in tax breaks that the state’s Economic Development Authority awarded to companies there since 2013, according to one person briefed on the matter. Each of the sources spoke on condition of anonymity.

(Visited 70 times, 1 visits today)

One response to “REPORT: Feds Investigating NJ EDA Tax Incentive Program”

Leave a Reply

Your email address will not be published.

News From Around the Web

The Political Landscape