NJ: Bill Creating Tax Incentives Around Cape May, Woodbine Airports Heads to Governor
July 3, 2018
Airports in Cape May County will get an economic boost under a bill that awaits Gov. Phil Murphy's signature in Trenton.
The bill, recently passed by the full state Legislature, will provide a tax credit of $5,000 a year for every job created or retained for eligible businesses around the Cape May County Airport and a $4,000 credit for businesses around the Woodbine Airport.
The legislation is similar to a bill that Atlantic County has been pursuing for a year and a half, but there are some key differences.