What is the Smart Growth Tax Credit?
A. The Smart Growth Tax Credit is proposed state legislation, introduced in 2004 in the New Jersey Legislature, that would create an incentive program to encourage developers to invest in appropriately located, energy-efficient residential and mixed-use construction projects that minimize land and water impacts, are pedestrian-friendly, and facilitate the use of public transportation. In short, it is a tool to help states grow in smarter, more sustainable patterns, thereby reducing development pressure on open spaces.
