New Jersey legislation · 2026-2027 Regular Session
New Jersey A4525: Economic Redevelopment & Growth Grant prog-extend deadline, cert projects
Status: Signed into law, September 9, 2026
Extends deadline for submission of temporary certificate of occupancy for certain qualified residential projects or mixed-use parking projects under Economic Redevelopment and Growth Grant program to June 30, 2032.
What the bill says
An Act concerning the Economic Redevelopment and Growth Grant program and amending P.L.2009, c.90 and P.L.2022, c.75.
From the introduced text, March 9, 2026:
An Act concerning the Economic Redevelopment and Growth Grant program and amending P.L.2009, c.90 and P.L.2022, c.75. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. Section 6 of P.L.2009, c.90 (C.52:27D-489f) is amended to read as follows: 6. a. Up to the limits established in subsection b. of this section and in accordance with a redevelopment incentive grant agreement, beginning upon the receipt of occupancy permits for any portion of the redevelopment project, or upon any other event evidencing project completion as set forth in the incentive grant agreement, the State Treasurer shall pay to the developer incremental State revenues directly realized from businesses operating at the site of the redevelopment project from the following taxes: the Corporation Business Tax Act (1945), P.L.1945, c.162 (C.54:10A-1 et seq.), the tax imposed on marine insurance companies pursuant to R.S.54:16-1 et seq., the tax imposed on insurers generally, pursuant to P.L.1945, c.132 (C.54:18A-1 et seq.), the public utility franchise tax, public utilities gross receipts tax and public utility excise tax imposed on sewerage and water corporations pursuant to P.L.1940, c.5 (C.54:30A-49 et seq.), those tariffs and charges imposed by electric, natural gas, telecommunications, water and sewage utilities, and cable television companies under the jurisdiction of the New Jersey Board of Public Utilities, or comparable entity, …
Sponsors
- Kenyatta Stewart (D, 35) · primary sponsor
- Al Abdelaziz (D, 35) · primary sponsor
- Benjie E. Wimberly (D, 35) · primary sponsor
Latest actions
- : APP P.L.2026, c.89.
- : PS PBH (25-15)
- : SUB FOR S3116
- : REP 2RS
- : R/S REF SBA
- : PA (57-22-0)
- : REP 2RA
- : INT 1RA REF ACE
Votes
- 3RDG FINAL PASSAGE - Economic Redevelopment & Growth Grant prog-extend deadline, cert projects (June 30, 2026): 25 yea, 15 nay, passed
- Senate Budget and Appropriations Committee: Reported favorably (June 24, 2026): 9 yea, 4 nay, passed
- 3RDG FINAL PASSAGE - Economic Redevelopment & Growth Grant prog-extend deadline, cert projects (June 11, 2026): 57 yea, 22 nay, passed
- Assembly Commerce and Economic Development Committee: Reported favorably (May 14, 2026): 4 yea, 2 nay, passed
Subjects: ECONOMIC DEVELOPMENT - INTERNATIONAL, STATE AND REGIONAL
Common questions
- What is A4525?
- A4525 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Economic Redevelopment & Growth Grant prog-extend deadline, cert projects.
- What does A4525 do?
- In its own words: An Act concerning the Economic Redevelopment and Growth Grant program and amending P.L.2009, c.90 and P.L.2022, c.75.
- What is the status of A4525?
- Signed into law as of September 9, 2026. Latest action: APP P.L.2026, c.89. (September 9, 2026).
- Who sponsored A4525?
- Kenyatta Stewart (D, 35), with 2 co-sponsors.
- Where is the official record for A4525?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A4525
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.