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Author: JeanDavid Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120819  
Subject: Re: Is this taxible income, Federal and State. Date: 11/22/2013 6:47 AM
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Hopefully Ira will soon be here to help you. He is kinda the New Jersey tax pro. If not, we have several other tax pros who hopefully will weigh in for an answer. Bit I must admit JD .. you do come up with some doozies ;)

I hope Ira or someone can help. I spent a coupla hours with google on the Internet and got nowhere.

The closest I could find is that the NJEDA finances some of its expenses with tax-exempt bonds. It is mainly an agency to finance economic growth, like giving subsidies to developers of industrial parks and the like. I assume they are the paying agent for the DEP because the DEP does not have a charter or a budget for making payments to residential homeowners, but they do have a charter that allows them to reduce environmental contamination due to leaking oil tanks.
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