A 4697 New Jersey General Assembly · 2026-2027 Regular Session

Makes FY2026 supplemental appropriation of $30 million to DCA for Neighborhood Revitalization Tax Credit program.

This bill allocates an additional $30 million from New Jersey's General Fund to the Department of Community Affairs for the Neighborhood Revitalization Tax Credit program in fiscal year 2026. The funding will support nonprofit organizations that implement approved plans to improve low and moderate income neighborhoods through local development projects. The program operates by allowing businesses to receive tax credits when they invest in these qualifying revitalization initiatives, with the bill providing the state funding needed to sustain this mechanism.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2026
Committee Review
Floor Vote
Governor
Introduced Mar 16, 2026 Last action Mar 16, 2026
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Mar 16, 2026
Introduced
Introduced, Referred to Assembly Community Development and Women's Affairs Committee
lower
3 primary · 1 co-sponsor

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