IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Jul 2014 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2014 state and local governments provided $260 million in incentives over 16 years to Holtec International for a nuclear reactor manufacturing facility. The funding comes from state's Grow New Jersey Assistance Program, a corporate business tax credit, and also includes a Camden-specific provision that allows the amount of available subsidies to be equal to the investment. The company has to invest $260 million before it can claim the subsidy. 
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

337 Fuel elements (cartridges), for or of nuclear reactors
8401 Nuclear reactors; fuel elements (cartridges), nonirradiated, for nuclear reactors; machinery and apparatus for isotopic separation.
840130 Fuel elements (cartridges), nonirradiated
423 Steam generators, (except central heating boilers) & parts
8401 Nuclear reactors; fuel elements (cartridges), nonirradiated, for nuclear reactors; machinery and apparatus for isotopic separation.
840140 Parts of nuclear reactors
449 Other special-purpose machinery & parts
8401 Nuclear reactors; fuel elements (cartridges), nonirradiated, for nuclear reactors; machinery and apparatus for isotopic separation.
840120 Machinery and apparatus for isotopic separation, and parts thereof

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