New Jersey legislation · 2026-2027 Regular Session
New Jersey S4655: Tax Credit Review Act-req review of efficacy, cert State tax incentive programs
Status: In committee, October 1, 2026
"Tax Credit Review Act"; requires review of efficacy of certain State tax incentive programs.
What the bill says
An Act requiring a comprehensive review of certain State tax expenditures, designated the "Tax Credit Review Act," and supplementing Title 54 of the New Jersey Statutes.
From the introduced text, October 1, 2026:
An Act requiring a comprehensive review of certain State tax expenditures, designated the "Tax Credit Review Act," and supplementing Title 54 of the New Jersey Statutes. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. a. No later than three months after the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill), the chief executive officer shall retain an expert to review the efficacy of the incentive program, including a cost-benefit analysis of the program, an assessment of the success of the program in meeting its goals, and recommendations for improving the operation and effectiveness of the program. b. (1) Within nine months of the effective date of P.L. , c. (C. ) (pending before the Legislature as this bill), the expert shall complete a comprehensive review of, and publish a written report concerning, the effectiveness of the tax expenditures incurred through the incentive program. (2) The comprehensive review and resulting written report shall include, but not be limited to: (a) the total costs associated with the program, including the amount of tax revenues foregone; (b) the benefits and economic impact generated by the program, including increased State tax revenues, increased job creation and retention, and changes to levels of economic activity in the State; (c) the …
Sponsors
- Joseph P. Cryan (D, 20) · primary sponsor
Latest actions
- : INT 1RS REF SEG
Subjects: TAXATION
Common questions
- What is S4655?
- S4655 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Tax Credit Review Act-req review of efficacy, cert State tax incentive programs.
- What does S4655 do?
- In its own words: An Act requiring a comprehensive review of certain State tax expenditures, designated the "Tax Credit Review Act," and supplementing Title 54 of the New Jersey Statutes.
- What is the status of S4655?
- In committee as of October 1, 2026. Latest action: INT 1RS REF SEG (October 1, 2026).
- Who sponsored S4655?
- Joseph P. Cryan (D, 20).
- Where is the official record for S4655?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S4655
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.