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Urban Transit Hub Zones
New Jersey recently introduced a new initiative designed to encourage investment and job growth around urban transit hubs, which are defined as heavy rail stations in nine urban municipalities – Camden, East Orange, Elizabeth, Hoboken, Jersey City, Newark, New Brunswick, Paterson, and Trenton. The Urban Transit Hub Tax Credit Program provides tax credits equal to 80 percent to 100 percent of the qualified capital investments made within an eight-year period. Taxpayers may apply 10 percent of the total credit amount per year over a ten-year period against their corporate business tax, insurance premiums tax, or gross income tax liability.

Program requirements include:

  • A business or developer must make a capital investment of at least $75 million in a qualified facility.
  • The capital investment project must be located within a ½-mile radius of a designated commuter rail hub in any of the nine eligible municipalities.
  • The business receiving the Urban Transit Hub Tax Credit must employ at least 250 full-time workers at the facility.
  • A business creating and maintaining at least 200 new jobs to the state at a qualified facility may be eligible to receive a tax credit of up to 100 percent of the capital investment.
  • Tenants that employ at least 250 full-time workers in a qualified facility may also receive Transit Hub Tax Credits if they occupy space in the facility that represents at least $25 million of the overall capital investment of $75 million or more.

Survey maps are available that identify the ½-mile radius around eligible transit hubs in each of the nine Transit Hub cities: Camden, East Orange, Elizabeth, Hoboken, Jersey City, Newark, New Brunswick, Paterson and Trenton. (Note: Applicants are advised that these surveys are approximate representations of the urban transit hubs and are offered only as general guidance for potential program applicants.)

To learn more about the Urban Transit Hub Tax Credit Program, designated districts, and qualification requirements, call 866-534-7789.