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---
type: "Bill"
title: "Increases value of Economic Redevelopment and Growth Grant program residential tax credits to $823 million; restricts $105 million of tax credits to qualified residential projects and mixed use parking projects."
description: "Increases value of Economic Redevelopment and Growth Grant program residential tax credits to $823 million; restricts $105 million of tax credits to qualified residential projects and mixed use parking projects."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "217"
identifier: "S 2868"
citation: "New Jersey S 2868 (217)"
classification: ["bill"]
subjects: ["ECONOMIC DEV", "TAXATION"]
status: "enacted"
primary_sponsors: ["Pou, Nellie", "Sarlo, Paul A.", "Sumter, Shavonda E.", "Wimberly, Benjie E."]
version_count: 2
action_count: 8
vote_count: 2
first_action: "2016-12-15T05:00:00+00:00"
last_action: "2017-05-01T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/df07fc06-4b0e-40b1-8f61-2e9109e6d0fa"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "87b3c47549eee562972181a2f416908a94ecb3e6abc21d40b99c37067641f915"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---
# New Jersey S 2868 (217) — Increases value of Economic Redevelopment and Growth Grant program residential tax credits to $823 million; restricts $105 million of tax credits to qualified residential projects and mixed use parking projects.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced Version** (committee substitute) — [source](http://www.njleg.state.nj.us/2016/Bills/S3000/2868_I1.HTM)
2. **Reprint** (committee substitute) — [source](http://www.njleg.state.nj.us/2016/Bills/S3000/2868_R1.HTM)
## Votes
- Reported favorably out of committee — **82** (pass) · legislature
- Reported out of Senate committee with amendments — **110** (pass) · legislature
## Sponsors
- Pou, Nellie — primary (person)
- Sarlo, Paul A. — primary (person)
- Sumter, Shavonda E. — primary (person)
- Wimberly, Benjie E. — primary (person)
- Sweeney, Stephen M. — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2016-12-15T05:00:00+00:00** Introduced in the Senate, Referred to Senate Budget and Appropriations Committee `introduction, referral-committee`
- **2017-01-09T05:00:00+00:00** Reported out of Senate Committee with Amendments, 2nd Reading `committee-passage`
- **2017-01-23T05:00:00+00:00** Passed Senate (31-3) `passage`
- **2017-01-23T05:00:00+00:00** Received in the Assembly, Referred to Assembly Appropriations Committee `referral-committee`
- **2017-01-30T05:00:00+00:00** Reported out of Assembly Committee, 2nd Reading `committee-passage`
- **2017-02-15T05:00:00+00:00** Substituted for A4501
- **2017-02-15T05:00:00+00:00** Passed Assembly (Passed Both Houses) (41-27-0) `passage`
- **2017-05-01T04:00:00+00:00** Approved P.L.2017, c.59. `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/df07fc06-4b0e-40b1-8f61-2e9109e6d0fa`. Confidence: reported (aggregated from official New Jersey legislature records).