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Bill

A 4787

"Atlantic City Urban Enterprise Zone and Property Tax Relief Act"; creates urban enterprise zone in Atlantic City for 10 years.

2026-2027 Regular Session Introduced by Don Guardian

New Jersey bill creates 10-year Atlantic City enterprise zone offering property tax relief to attract business investment and spur economic development.

Introduced, Referred to Assembly Commerce and Economic Development Committee
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Bill Summary · A 4787

Legislative bill overview

Bill A 4787 establishes a 10-year urban enterprise zone in Atlantic City, New Jersey, designed to attract business investment and economic development through tax incentives and regulatory relief. The measure aims to revitalize the city's economy by offering property tax breaks and other financial advantages to businesses operating within the designated zone.

Why is this important

Urban enterprise zones are tools intended to combat concentrated poverty and disinvestment by making areas more attractive to private investment. Atlantic City has faced significant economic challenges following the decline of its casino industry, so this legislation represents an effort to stimulate job creation and tax base recovery in a struggling municipal economy.

Potential points of contention

  • Revenue impact: Property tax relief reduces municipal revenue that funds schools, police, and services—raising questions about who bears the cost of economic incentives
  • Effectiveness questions: Research on urban enterprise zones shows mixed results; some create jobs while others primarily benefit already-profitable businesses relocating within zones rather than generating new economic activity
  • Equity concerns: Tax incentives may disproportionately benefit large corporations or outside investors while offering limited direct benefits to existing Atlantic City residents and small local businesses

Compiled from official sources — confirm details with the bill’s official record.

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