Legislation proponents say will provide Atlantic City with some tax relief has been advanced by the New Jersey Senate State Government, Wagering, Tourism & Historic Preservation Committee.
The New Jersey Senate State Government, Wagering, Tourism & Historic Preservation Committee has unanimously advanced legislation to require a percentage of sports wagering revenues be used for local tax relief purposes for Atlantic City.
New Jersey is set to receive $641 million from settlements with New Jersey-based Johnson & Johnson and the country’s three largest pharmaceutical distributors for their role in the nation’s ongoing opioid crisis.
The New Jersey Assembly Tourism, Gaming, and the Arts Committee advanced legislation to enforce internal controls of the New Jersey Racing Commission, including the prompt reporting of revenues.
Replenishment of the New Jersey’s unemployment insurance fund by businesses can be offset with federal dollars if a bill advanced by the Senate Labor Committee becomes law.
New Jersey Gov. Phil Murphy is poised to give his annual budget address on Tuesday, and he finds himself in the enviable position of having a “budget surplus.”
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