Andrii Yalansky / Shutterstock.com Long Term Tax Exemptions in a Post-Pandemic World
Given the new challenges wrought by COVID-19, certain recent case law and a 2018 amendment to the New Jersey Long Term Tax Exemption Law, should be examined more closely, despite not having been informed by the pandemic or its potential impacts.
April 22, 2021 at 02:00 PM
9 minute read
Sometimes, we have to look back to move forward.
COVID-19 and its impacts have created great uncertainty with respect to the future for the redevelopment of commercial real estate in New Jersey. For developers, predicting what the "new normal" will look like for certain real estate asset classes has become a challenge, making projects that require substantial time and upfront capital investment before producing tangible returns far less appealing.
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