On December 17, Senate President Dick Codey introduced S-3043 https://www.njbia.org/pdf/f080083.pdf , legislation providing a 100 percent capital investment corporate, insurance or gross income tax credit for certain businesses locating with one-half mile of a train station in select cities. Businesses must invest a minimum of $75 million in new construction, rehab, fit-up or equipment costs. In addition, businesses must employ at least 250 employees at the site, at least 200 of which jobs must be new. Eligible cities include Newark, Paterson, Jersey City, New Brunswick, Trenton, Camden, Elizabeth and East Orange.
