Angel investor tax credit, hazardous building bills pass Senate

The Senate passed 34-4 a bill, S2271, that imposes requirements on the owner of a structure that has been deemed to be an immediate health and safety hazard, as well as the local code enforcement official, to ensure that a dangerous structural condition in a multi-level building or structure is reported to the appropriate authorities.

The Senate passed S3055, which revives the expired Small New Jersey-based High Technology Business Investment Tax Credit – the Angel Investor Tax Credit – by establishing credits against corporation business and gross income taxes for investing in New Jersey emerging technology businesses. The vote was 31-4.

Angel investor tax credit, hazardous building bills pass Senate