Amazon Tax-Credit Bill Advances in New Jersey Senate

New Jersey lawmakers advanced a bill on Friday, January 5th, which offers billions in tax credits to Amazon if the company locates its second headquarters in the state.

In 2017, Amazon announced it was seeking bids from locations throughout the United States to build a second headquarters.

The Democrat-led New Jersey Senate budget committee unanimously approved the tax-credit measure Friday. An Assembly committee vote is expected.

The Amazon tax-credit bill comes after Democratic and Republican lawmakers, along with GOP Gov. Chris Christie, signed a letter backing the effort. Democratic Governor-elect Phil Murphy has said he is in favor of bringing Amazon’s second headquarters to New Jersey, but stopped short of backing this specific effort explicitly. In return for investing at least $3 billion and 30,000 full-time jobs, the state is offering $10,000 in tax credits per job created over 10 years.

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