Bill to award Amazon tax credits advances in New Jersey
(AP) - New Jersey lawmakers advanced a bill to offer billions in tax credits to Amazon if it locates its second headquarters in the state.
Democrat-led Assembly and Senate budget committees approved the measure Friday. The bill is expected to get final votes next week.
The bill comes after Democratic and Republican lawmakers and GOP Gov. Chris Christie signed a letter backing the effort.
Incoming Democratic Gov. Phil Murphy said he favors bringing Amazon's second headquarters to New Jersey but stopped short of backing this effort explicitly.
In return for investing at least $3 billion and 30,000 full-time jobs, the state is offering $10,000 in tax credits per job created over 10 years.
Amazon has said it's gotten 238 proposals and is looking to be in a metropolitan area with mass transit.