New tax subsidies for Prudential Center renovation inch closer to law

Legislation to expand corporate tax breaks in New Jersey cleared another hurdle to become law, despite objections from critics.

By: Dana DiFilippo

Outlets: New Jersey Monitor

Published: January 9, 2026

Words: 441

Last Updated: 1 month ago

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A plan to expand New Jersey’s corporate tax breaks by billions and grant Newark’s Prudential Center new tax subsidies cleared another hurdle Thursday on its gallop to the governor’s desk.

The Senate’s budget and appropriations committee unanimously approved a bill that still needs to pass both full chambers by Tuesday, when the current two-year legislative session ends, to become law.

The bill advanced despite objections from critics who said raising …

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