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Investigation Finds Almost $600 Million in New Jersey Tax Incentives Could Be Recouped

Task Force Says It's Referred Some Cases to Law Enforcement Authorities

A task force report found that 15 companies all claimed they were considering moving to Blue Hill Plaza in Pearl River, New York, in order to receive tax incentives to stay in New Jersey. (CoStar)
A task force report found that 15 companies all claimed they were considering moving to Blue Hill Plaza in Pearl River, New York, in order to receive tax incentives to stay in New Jersey. (CoStar)

After an 18-month investigation, a special task force identified and questioned the granting of more than $578 million in New Jersey tax incentives for locating businesses in commercial property within the state, recommending that those awards be reviewed by government officials and in some cases even law enforcement authorities for a possible clawback and action.

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