NJ S1799

Increases the annual cap on total tax credits for the Neighborhood Revitalization Tax Credit Program from $15 million to $65 million per fiscal year

Allows unused tax credits from any fiscal year to roll over and be added to the following fiscal year's $65 million cap

Requires the Commissioner of Community Affairs to certify the amount of remaining tax credits at the end of each fiscal year for carryforward purposes

Maintains existing provisions that limit individual business entity credits to $1 million per year or total tax liability, whichever is less