Craig Gianetti Discusses with Law360 Possible Extended Deadline for Tax Incentives Under NJ Economic Opportunity Act
February 25, 2014
Craig M. Gianetti was quoted in a Law360 article regarding New Jersey legislation that would amend the Economic Opportunity Act of 2013 to give qualified residential projects under a key redevelopment incentive program three more years to submit local occupancy approvals. The current deadline is too restrictive, says Gianetti. "Extending the deadline for obtaining a temporary CO to 2018 is much more realistic and would benefit developers of a qualified residential project and it ensures a larger window of opportunity to apply for the tax credits and comply with all conditions of an award of tax credits," he said.
Day Pitney Real Estate Partner Craig M. Gianetti authored an article titled, "New Jersey's Outdated Sewer and Water Connection Fee Statute And Challenges to Municipal Calculations," for the New Jersey Builders Association's Dimensions Newsletter.