NJ S3479

Increases Historic Property Reinvestment Program tax credits for qualified properties in incentive tracts or government-restricted municipalities from 45% (up to $8 million) to 60% (up to $12 million), and for other qualified properties from 40% (up to $4 million) to 50% (up to $8 million)

Creates a new facade rehabilitation tax credit category, allowing up to 50% of annual credits to fund exterior building repair projects at 50% of costs up to $4 million, covering structural components, masonry, windows, doors, and decorative features

Increases Brownfields Redevelopment Incentive Program tax credits for projects in qualified incentive tracts or government-restricted municipalities from 60% (up to $8 million) to 80% (up to $12 million), and for other projects from 50% (up to $4 million) to 60% (up to $8 million)

Establishes 100% remediation cost coverage (up to $12 million in incentive areas, $8 million elsewhere) for solar panel array projects on closed sanitary landfill sites

Extends the selected rehabilitation period from 24 months to 36 months and eliminates the project financing gap requirement for projects under $5 million or located in government-restricted municipalities